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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

Wind Power Energized by Production Tax Credit

LCG, September 28, 2004--The House and Senate approved the Production Tax Credit for wind generation, and President Bush is expected to sign the legislation shortly. The credit, which provides for 1.5 cents for kilowatt-hour of electricity produced, had expired at the end of last year, seriously undermining the economics of new wind projects. The legislation will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

Wind generation in the United States has grown rapidly. An estimated 1,687 MW of capacity was added in 2003, with total wind capacity approaching 6,400 MW. However, when the production tax credit became bogged down in the national energy bill, investments in wind projects in 2004 were put on hold.

Wind developers are now ready to move forward with the production tax credit extended and other market drivers working favorably with respect to wind. Over the past year, Eastern coal prices have risen significantly, and natural gas prices remain relatively high. With fuel prices high, wholesale electricity prices have been elevated around much of the country. Furthermore, recent state legislation and local goals for renewable portfolio standards are motivating many public and investor owned utilities to actively pursue wind projects.

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