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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 Interim Chief Executive Gets To Work

LCG, Jan. 30, 2002--The creditors committee taking part in Enron's bankruptcy proceedings and the company's board yesterday signaled their agreement that Stephen F. Cooper is best prepared to manage and improve Enron's troubled state.

Cooper was named by the board because of his prior experience with bankruptcies at Federated Department Stores and Trans World Airlines. He is a managing partner with a firm, Zolfo Cooper, that advises ailing companies. The board also named Jeffrey McMahon chief operating officer. McMahon was described by Sherron Watkins, who expressed serious concerns about Enron's accounting practices to former chairman Ken Lay, as an executive who was openly bothered by the company's conflicts of interest.

A statement issued by Cooper said, "our focus is on the future of Enron. Enron has real businesses with real value. We will work closely with the board of directors, management and the creditors committee to develop a reorganization plan to maximize value for the company's stakeholders."

It is not known whether Enron will be able to continue as a viable business that retains its operating units. Nonetheless, Sandra E. Mayerson, who is representing members of the creditors committee, told the New York Times, "he's a person who can get in there and see where the bodies are buried and see what things are need to calm the waters."
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