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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

Enron's Ken Lay to Testify Before Senate Panel

LCG, Dec. 18, 2001--Enron Corp. chief executive Kenneth Lay, who turned down invitations to talk to lawmakers last week and today, has agreed to testify before the Senate Commerce Committee on February 4, Sen. Byron Dorgan said this morning.

Dorgan, a North Dakota Democrat, said Lay "has committed to appear before our committee and present testimony at a second hearing which will be held on February 4."

Former Enron chief executive Jeff Skilling, who resigned abruptly in August after just six months on the job, and former Chief Financial Officer Andrew Fastow, who was sacked in October, have also been invited to testify in February, Dorgan said.

Skilling, who Enron hired from consultants McKinsey & Co., is seen as the architect of Enron's high-volume, low-asset trading strategy, while Fastow was responsible for the "off-balance-sheet entities" lawmakers want to learn more about.

"We also intend to request at that hearing the attendance of Mr. Skilling and Mr. Fastow, former top executives at Enron, and others who can help explain what happened," said Dorgan.

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