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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

PG&E Asks Federal Court for Future Power Cost Recovery

LCG, Jan. 26, 2001Pacific Gas & Electric Co., which may have blown $6.6 billion in 2000 by not insisting on getting paid for electric power it delivers to profligate customers, went to federal court yesterday to get affirmation that it can collect for future power deliveries.

The company has already asked the court for help in getting it paid for last year.

"All of the principal participants in this regulatory drama, from the Federal Energy Regulatory Commission to the California Public Utilities Commission itself, have formally acknowledged that, as a matter of federal preemption, PG&E is entitled to recover these wholesale costs from its customers," the company said in its filing with the U.S. District Court yesterday.

At issue, PG&E says, is whether the CPUC, in violation of the Supremacy Clause of the United States Constitution, may nullify federally-regulated tariffs which it ordered PG&E to follow in its purchase of electricity.

Southern California Edison Co., which is in the same fix as PG&E but for a billion fewer dollars, has a similar lawsuit going in the District Court in Los Angeles.

PG&E's motion asks the to order the CPUC to allow it "to recover in rates the true cost of the electricity it is purchasing on a going-forward basis so that PG&E can afford to buy vitally needed power for California," the company said.

"Rarely has a more urgent plea for relief been brought before this or any court. PG&E is both captive to and victim of California's deregulated electricity market, a market described by government officials in terms ranging from 'disastrous' to 'apocalyptic," the utility said in its papers.

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