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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

BPA Hopes to Avoid Rate Increase

LCG, Dec. 18, 2002--Faced with continued dry hydro conditions, the Bonneville Power Administration's management officials have said that rate increases may be necessary to prevent further deterioration in its financial reserves.

The agency says that while it had hoped to file for rate decreases, those plans are prevented by a shortfall of $1.2 billion forecast through 2006. The economy of the U.S. Northwest has already been adversely affected by rate increases, which increased what users pay by 53 percent in some cases. Adjustment of rates from their peak has left rates approximately 44 percent above their levels prior to the Western energy crisis of 2000-2001.

The level of BPA's cash reserves has dropped, as it spends more than expected to make up for the power not coming from government dams. Cash reserves now stand at $160 million, whereas the normal level would be about $900 million. $800 million worth of depletion has taken place in two years.

Although overall rates are roughly in line with rates around the country, about $30 per megawatt-hour, industries including chemicals, pulp and paper may again have to budget more for power.
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