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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

California Re-regulation Likely to Reverse Under Schwarzenegger

LCG, Oct. 10, 2003--California Governor-elect Arnold Schwarzengegger favors more emphasis on an open power market than outgoing Gov. Davis, and will likely try to encourage investment in new generation and transmission infrastructure for the state.

One of the changes to state policy enacted in the past year was the demise of directly negotiated contracts between energy suppliers and large customers. Schwarzenegger's position statements and comments by aides signal that he would favor allowing such contracts again. He would also reportedly try to bring about greater diversification of fuels used by new generating plants, to lessen price volatility associated with natural gas.

Under Schwarzenegger, cooperation with other states on grid connections and long-term planning could also receive greater attention.

California's experience with market manipulation have caused California regulators to move in the direction of a possible role for the state's major utilities in making long-term arrangements for access to dedicated generating units, as in the traditional regulated model. Schwarzenegger is unlikely to make utilities or the state responsible for a greater share of generation, and instead favors better policing of electricity markets to prevent manipulation.
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