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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

UBS Warburg to Reduce Trading, Leave Houston

LCG, Dec. 11, 2002--The energy trading operations of UBS Warburg Energy, a unit of Swiss investment bank UBS Warburg, will be reduced through layoffs of three-quarters of the company's Houston staff, following the cessation of trading through its online platform.

UBS Warburg's energy trading staff in Houston, which will become 90 from the present level of 380, will be brought to Stamford, Connecticut, while the Houston office will be closed. The bank has about 3,000 staff in Stamford currently. The changes are expected to be finalized by the first quarter of 2003. Ongoing trading will be conducted by telephone, a spokeswoman said.

Much of the trading operations, including the online trading platform UBSWEnergy.com, were acquired from bankrupt Enron Corp. with the understanding that 33 percent of any profits would go to Enron. The unit has been run by Enron's former president and chief operating officer, Lawrence "Greg" Whalley. UBS Warburg would not comment on Whalley's future, which is made uncertain by his being named a defendant in lawsuits against Enron.
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