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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

Judge Rejects CA Refund Claims

LCG, December 13, 2002-A federal judge ruled that power companies overcharged California electricity purchasers by $1.8 billion and ordered the state to pay its $1.2 billion in power bills.

The Federal Energy Regulatory Commission's Administrative Law Judge Bruce Birchman found that energy companies who sold power to the state during the California energy crisis overpriced electricity by a total of $1.8 billion. However, because the state owes energy companies $3 billion, California has been ordered to pay the $1.2 billion still owed.

The state, currently operating under quite a deficit, contends that it was overcharged by at least $9 billion. Earlier this year, some officials estimated that California was overcharged by over $20 billion.

California Governor Gray Davis expressed outrage at the decision, asserting the Federal Energy Regulatory Commission (FERC) has unfairly supported energy companies and turned its back on the cash-strapped state. During the energy crisis, FERC adopted a hands-off policy with regard to California, only acting late in the crisis when a newly appointed FERC commissioner instated price caps.

Public Utilities Commission President Loretta Lynch also voiced her indignation at the judge's decision, noting what she deemed FERC's repeated refusals to help the state.

Energy company representatives noted their satisfaction with the decision, and shares for several companies went up immediately. Dynegy Inc., Williams Cos., Mirant, Reliant Resources, among others, have seen their shares increase in value since the decision.

Earlier this year California energy purchasers managed to rewrite contracts for meager gains, but overall the state has made little headway in both the fight for refunds and the effort to find and prove a cause for the crisis.

Several court cases are still in the works, in addition to fact-finding efforts by FERC and the Securities and Exchange Commission.

Also, gas pipeline company El Paso Corporation has been accused of withholding gas supplies in order to raise gas rates. If the court finds that El Paso Corp. was involved with artificially inflating gas prices, some energy companies and the state may suddenly find themselves on the same side, since many of California's electricity generators are gas-powered.

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