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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

PG&E Corp. Can Wait on Repayment

LCG, August 5, 2002-Pacific Gas and Electric Corporation, parent company to the California PG&E utility, announced that it has been given waivers by some of its lenders.

Early today, Moody's Investors Service brought the corporation's rating down to "junk," and lenders to the PG&E utility said that repayment of major loans would be postponed through August 16 as long as the merchant energy affiliate PG&E National Energy Group has an investment-grade credit rating.

PG&E Corporation has some $1.3 billion in loans from several sources, including General Electric Capital Corporation and Lehman Commercial Paper.

The corporation has announced that it finds itself capable of meeting its loan requirements of the next year.

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