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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

Ratepayers to Pay for Stranded Assets in Texas

LCG, Feb. 4, 2004--The extensive building of new power plants in Texas has rendered many older plants less profitable than they would otherwise be, but according to the state's 1999 deregulation law, the impact on utilities will be reduced through stranded asset charges on consumers' electricity bills.

The amounts of such charges will be greater than utility commissioners or lawmakers anticipated, and stem in part from the fact that little surplus power generated within the state can be exported to neighboring regions.

Stranded asset charges are essentially calculated as the difference between plants' book value and their market value, which are expected to be between $4 billion and $5 billion for CenterPoint Energy Inc., originally Houston Power & Light. This averages approximately $1,000 per customer around Houston. The charges will mean that consumers will not receive refunds as had been anticipated by the Public Utility Commission of Texas in 2001. In the case of TXU Corp., however, a 2002 settlement of $1.3 billion has limited the amounts to be paid by ratepayers for older plants.

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