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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

SoCal Ed 'Rescue' Bogs Down; Vote Likely Today

LCG, Aug. 29, 2001--The energy committee of the California Assembly yesterday postponed a vote on the so-called "rescue" plan for Southern California Edison Co. passed in July by the state Senate and now endorsed by Gov. Gray Davis as an alternative to the deal he worked out with the utility last April.

The vote was rescheduled for today, giving committee members time to study the many last-minute amendments to the state Senate bill. Senate President Pro Tem John Burton, a San Francisco Democrat, had earlier warned the Assembly that the bill should not be tinkered with.

Whether the Assembly committee send the measure to the floor for a vote by the entire chamber may not matter. SoCal Ed said the new version of the governor's deal was unacceptable in any case.

Instead of calling for the utility to sell its transmission assets to the state for $2.76 billion, there is now a scheme that would give the state a five-year option to buy the wires at their book value, or $1.2 billion -- less than half the price agreed to by Davis.

"We find deeply objectionable the five-year option on the sale of the transmission system for book value," Brian Bennett, the utility's vice president for external affairs, said last Thursday. "There are many provisions which are workable in the bill as drafted," he said, "but that provision clearly makes this an unworkable piece of legislation."

"Five years puts a cloud on a very significant portion of our businesses and add to that, puts a cloud at a price that is a fire sale price for a very valuable asset of the company," Bennett said.

Instead of getting $2.76 billion with which to pay much of its $3.5 billion in debt, the utility would be allowed to market on its own some $2.5 billion in tax-exempt revenue bonds. The bonds would be paid for by SoCal Ed's 180,000 largest customers, leaving untouched the 4 million or so who are also voters.

Opposition in the Assembly to what voters are bound to see as a bailout for the utility will make passage of the bill difficult even if it is approved in committee today. Reconciliation with the state Senate version could be even tougher. "It was difficult enough to get the bill out of our house as it was, and this bill is a lot, shall we say, sweeter for Edison and the industry," Burton said.

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