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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

Scottish Power Gets Utah Rate Hike for PacifiCorp

LCG, Feb. 5, 2001Scottish Power Plc, the big British utility that owns PacifiCorp, said this morning that Utah regulators had granted it a $70 million electricity rate increase to compensate for soaring power costs.

The rate hike was solely for increases in the cost of providing power, and does not compensate PacifiCorp for expenses incurred in connection with the breakdown of its 430 megawatt Hunter power plant in Utah, which is costing the utility a million dollars a day.

Scottish Power said it was pursuing rate increases in five other states where PacifiCorp does business. The entire U.S. West is caught in a power shortage, noted Scottish Power Chief Executive-designate Ian Russell who said that the tight wholesale power market was expected to persist for the next year or so until new generating capacity comes online and California adjusts its regulatory structure.

The Utah Public Service Commission also granted Scottish Power the right to use "deferred accounting" for a separate claim it intends to make as a result of the Hunter plant breakdown that occurred last November 24.

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