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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

Goldman Sachs Acquires European Trading Books

LCG, Mar. 7, 2003--The presence of U.S. energy companies in European energy trading has receded further with the announcement by investment bank Goldman Sachs Group Inc. that it has bought trading books from Dynegy Inc. and El Paso Corp.

The two energy companies were seen by analysts as being too highly leveraged to continue trading. Goldman Sachs had earlier been in a partnership with the trading operations of Constellation Energy Group, which owns power plants. Fox-Pitt Kelton analyst Reilly Tierney told Reuters that energy prices "are clearly at distressed levels, so if you thought that the business is going to come around this makes a lot of sense."

Goldman joins a number of other banks that have energy trading, including UBS Warburg, Deutsche Bank, Barclays Capital and BNP Paribas, a French concern. Although representatives of the bank did not disclose how much was paid for the two trading books, El Paso said last month that its gas portfolio in Europe had been purchased for $80 million by an unnamed buyer.
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