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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 Wants Customers to Cover Rate Shortfall

LCG, Aug. 7, 2001--Pacific Gas & Electric Co. returned to court yesterday, seeking to recovery from its retail customers the cost of supplying them with electricity at artificially low rates mandated by California's failed electric deregulation law.

PG&E estimates that it spent about $9 billion more for wholesale power than it was able to charge, and it wants the federal district court in San Francisco to rule that the lower rates it was forced to charge between June of last year and January of this year were unconstitutional and unenforceable because they prevent the utility from recovering its entire wholesale power purchase costs.

The company also says in its suit that state law, as interpreted by the California Public Utilities Commission, is unconstitutional and unenforceable insofar as it produces a confiscatory result and fails to provide just compensation for the taking of private property for public use.

PG&E's lawsuit follows an earlier filing in May which a judge dismissed "without prejudice" because it was brought before CPUC rate rulings were final.

In its filing, the utility notes that a significant amount of theundercollected power costs was for electricity which state law mandated the California IndependentSystem Operator purchase and pass on to the utility in order to maintain electric system reliability,literally "to keep the lights on."

Cal-ISO was unrestrained in its efforts, purchasing power at the highest price possible and sending the bill to PG&E.

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