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Oglethorpe Power Announces Selection of Kiewit Subsidiary as EPC Partner for New 1,425-MW Combined-cycle Facility in Georgia

LCG, January 13, 2026--Oglethorpe Power today announced it has selected Kiewit Corporation through its subsidiary, The Industrial Company (TIC), as the Engineering, Procurement and Construction (EPC) partner for its new combined-cycle (CC), natural gas-fired power plant in Monroe County, Georgia. The new, 1,425-MW facility represents a capital investment of more than $3 billion. Commercial operation of the new generation capacity is planned to commence in 2029.

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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Industry News

Colorado PUC Receives 21% Aquila Rate Increase Application

LCG, Oct. 21, 2002--Aquila, citing negative returns over the last few years, has filed a rate application with the Colorado Public Utilities Commission (PUC) which would raise base rates 21.8% if approved.

Most of the power provided by Aquila to towns in southern Colorado is purchased from Xcel, formerly Public Service Company of Colorado. It also produces power at its own Victoria Avenue plant and at another coal-fired facility in Canon City. The PUC, which is not required to hold hearings, is expected to schedule them due to the size of the requested increase.

"The company's base electric rates have remained constant during the past 18 years, while inflation has increased general costs by a cumulative 73 percent," said Gary Stone, vice president of Aquila's Colorado operations. The last rate filing by the company was in 1984, when the corporate entity was known as Centel. Centel was purchased by UtiliCorp United in 1991, before the company assumed its current name.

A rate application such as Aquila is submitting is not centered on infrastructure investment, as was typical during the era of vertically integrated utilities, but is based on wholesale market conditions. Aquila has retreated from its speculative energy trading and overseas operations, but still carries sizable debt. Residential customers served by the company, which recently had its debt downgraded to junk status, currently pay 7 cents per kilowatt-hour on average. The impact associated with a 21.8% rate increase would equal about an additional $112.52 per year for a typical Colorado customer.

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