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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

Climate Trading Gains Momentum in EU

LCG, June 25, 2003--Lawmakers for the European Union will put a measure that would create a system for trading of carbon dioxide emission allowances to a vote before the European Parliament next Wednesday.

If approved, it would require that companies in industries such as oil refining, steel, cement, ceramics, glass and paper manufacturing release emissions based on tradable permits that would be priced by the market. The European Union could make progress towards emission reductions under the United Nations Kyoto Protocol. No decisions have been made yet on how to allocate the initial set of emission credits to particular industries, although the credits would be allocated by January 2005.

If companies fail to reduce emissions to match the number of credits they have or do not buy enough additional credits, they would have to pay fines of 40 euros per ton, and 100 euros by 2008. The trading of credits by EU companies would be allowed only within the EU at first, but might be allowed with companies elsewhere at a later date.
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