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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

Duke Closing Merchant Business Unit

LCG, Mar. 7, 2003--Duke Energy will sell off assets and discontinue new financing arrangements through its Duke Capital Partners unit, which provided capital financing and advisory services to merchant energy developers.

Duke Capital Partners operations have been conducted through offices in Charlotte, N.C., and Houston, and currently employ 30 people. Richard Osborne, Duke Energy's executive vice president and chief risk officer said, "Duke Capital Partners built a sound portfolio of quality assets in its three years of operations. However, the energy industry has changed tremendously in that time."

The unit, which started assisting clients in North America with debt and equity financing in 2000, will sell approximately $350 million worth of assets over two years.
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