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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

El Paso Requests Extra Month to File CA Settlement

LCG, May 5, 2003--El Paso Corp., which reached a tenative settlement with California that would result in eventual payments by the gas pipeline company of $1.7 billion, has asked the Federal Energy Regulatory Commission to allow it one more month in which to assemble the details of the settlement.

The commission did not issue a planned ruling in March in a case alleging manipulation by El Paso of the natural gas market following the announcement of the settlement. If the FERC grants the extension, it would allow the company to avoid a ruling by the commission, in which it could be found to have withheld capacity that elevated prices in the gas and electric power markets in 2000-2001.

El Paso was joined in the extension request by parties to the settlement, including private class-action litigants, Gov. Davis, the California Public Utilities Commission, the California Department of Water Resources, as well as the two major investor-owned utilities, Pacific Gas & Electric and Southern California Edison.

In the announcement of a likely settlement in March, El Paso did not admit wrongdoing. The settlement is to include payments of $22 million per year for 20 years, and $45 million worth of natural gas for the same period, as well immediate payments of cash and El Paso common stock. The extension being sought, until June 4, is needed due to "the substantial number of cases being settled, the large number of parties involved... as well as the scope, magnitude and nature of the issues and claims being settled."
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