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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

Pepco-Conectiv Merger Clears Two Federal Hurdles

LCG, Aug. 8, 2001--The proposed merger between Potomac Electric Power Co. and Conectiv Inc. has been approved by the Federal Trade Commission and the Justice Department, Pepco said yesterday.

The companies expect the transaction to close in the first quarter of next year, though approvals are still required from the Securities and Exchange Commission and several state agencies.

The combination, which would put Pepco and Conectiv's Atlantic Energy Co. and Delmarva Power & Light Co. under the same ownership, would create the largest electric company in the mid-Atlantic region, with almost two million customers in the District of Columbia, Virginia, Maryland, Delaware and New Jersey.

Under the deal, Pepco would pay $2.2 billion in cash and stock for Conectiv and assume $3.2 billion of Conectiv's debt.

Shareholders of both companies approved the merger in July, and yesterday expressed their pleasure with the federal approvals by sending the stock of the two utilities higher. Pepco's stock was up 38 cents to close at $21.86 a share, while shares of Conectiv were up 56 cents to close at $23.22.

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