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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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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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Industry News

California Treasurer Still Pushing $12.5 Billion Deal

LCG, Jan. 7, 2002--California Treasurer Phil Angelides is pushing hard for the state to issue the $12.5 billion in power revenue bonds that would pay back the general fund for more than $7 billion in spot market purchase of electricity and fund the $43 billion in long term contracts.

Angelides said it was essential for the bonds to be sold if California wants any chance of making it through the economic challenges it faces, according to a report Saturday by Thomson Financial Media.

"The only thing standing between us and the marketplace is us," he said yesterday, speaking at a bond buyer conference. "The deal has to get done."

At first, the bond issue was delayed by the state legislature. When Republicans refused to go along with the indebtedness -- the largest municipal bond issue ever -- during a special session called by Gov. Gray Davis, there was no chance that the sale could take place last spring.

Davis had "guaranteed" that the general fund would be repaid by June 30.

A new deadline of October 31 was set for the bond sale, but by then the California Public Utilities Commission, which must sign off on some elements of how the debt is to be repaid and serviced, looked with disfavor upon the issue. The CPUC has taken no action and appears unwilling to do so.

Angelides remains optimistic. "My hope is that in the next few weeks the PUC will look at the reality of where we stand fiscally in the state and the reality that the governor plans to veto Senate Bill 18XX."

Senate Bill 18XX is an alternative bond structure that Angelides and the state attorney general have said could lead to extensive litigation that would further delay the sale or make it impossible to sell bonds.

"The state can't get a bond counsel to say that bonds sold under SB 18XX would be free from litigation risk," Angelides said Friday. "We have not yet found a firm willing to give a clean opinion."

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