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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

North Carolina Approves CP&L-Florida Progress

LCG, Aug. 23, 2000--The North Carolina Utilities Commission yesterday approved CP&L Energy Corp.s pending acquisition of Florida Progress Corp. leaving only the Securities and Exchange Commission approval needed to complete the transaction.

The commission extracted some concessions from CP&L before giving the merger the green light. As part of the approval order, CP&L will provide a total of $29.5 million in rate reductions for its North Carolina customers. The reductions include rate cuts totaling $19.5 million over years 2002 to 2005 and a one-time reduction of $10 million in fuel costs to settle the fuel case for this year.

The commission also included a series of conditions designed to protect North Carolina customers from any adverse effects of combination of the two companies.

"The combination of CP&L and Florida Progress will benefit both customers and shareholders," predicted CP&L chief executive William Cavanaugh.

The companies expect to close the deal this fall.

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