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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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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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Industry News

PG&E Gets 4-Month Recovery Plan Extension

LCG, July 24, 2001The U.S. Bankruptcy Court in San Francisco yesterday granted Pacific Gas & Electric Co. a four-month extension to file a Chapter 11 recovery plan without interference from creditors groups.

Companies that have filed for protection from creditors under Chapter 11 have the sole right to offer a recovery plan for the first 120 days after filing for bankruptcy, a period that would have expired for PG&E on August 6. If bankruptcy Judge Dennis Montali had not granted the extension, creditors, shareholders and others could have presented their own plans.

PG&E officials said when they asked for the extension on July 3 that the additional time was warranted because of the complexity of the case. The utility's bankruptcy is believed to be one of the largest ever.

"We want to make sure we develop a plan of reorganization that will reaffirm the company's financial health and that is in the best interests of the creditors and all parties," said PG&E spokesman Ron Low.

A committee representing unsecured creditors said in court papers that it "firmly believes that all parties in interest should move quickly and provide assurance that any filed plan will pay creditors in full and remedy PG&E's various issues and problems."

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