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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Constellation Completes Acquisition of Calpine

LCG, January 7, 2026--Constellation today announced that it completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP). Constellation is now the largest producer of electricity in the U.S., with electric generation facilities across the nation.

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Industry News

Utilities Get Different Results in Competitive Pennsylvania

LCG, Oct. 26, 2000--GPU Inc. this morning reported a greater decline in earnings than it had predicted, and blamed the "shortfall" on electric industry restructuring in Pennsylvania. The company said its net income for the third quarter was $104 million, or $0.86 per share, against $148 million, or $1.18 per share, for the same period last year.

GPU is doing something wrong.

On Wednesday, PPL Corp., whose first initial stands for "Pennsylvania," reported record quarterly earnings for the third time this year. That's three out of three and the company said the record earnings "can be directly attributed to the company's success in capitalizing on opportunities offered by thecompetitive energy marketplace."

PPL's third quarter 2000 earnings were $0.81 per share, 47 percent higher than similarly adjusted earnings of $0.55 per share reported a year ago.

William F. Hecht, PPL's chairman and chief executive, said "The most dramatic example of our success is in the electricity generation and marketing businesses. Our company achieved excellent operating performance at our generation facilities throughout 2000, and we optimized the value of this performance through our wholesale trading and marketing activities in energy and related commodities."

GPU take note.

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