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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

Nevada PUC Makes Rates Recommendations

LCG, Feb. 11, 2002--In a filing with state regulators last Thursday, the Nevada Public Utilities Commission disagreed with Nevada Power's proposed rate and fee structure.

Testimony by economist William Marcus, with the attorney general's Bureau of Consumer Protection, detailed how under Nevada Power's rate structure, larger users of power would see decreased overall rates, while smaller users would pay more than they do currently. Much of the change would be due to a flat, fixed charge for fixed charges, called a distribution service charge. The fee would replace a current $5 "customer charge" that was to pay for most administrative and billing costs. The monthly fee that would replace the customer charge would be set at $12 for apartment dwellers, $19 for single-family residences, and $21 for small businesses. The fees would be taken out of the per kilowatt-hour charges.

Nevada Power spokeswoman Andrea Smith said that the company hopes to have the current three-tier, block rate structure eliminated; the structure imposes higher costs for increased power consumption, and had led to customer complaints, according to Nevada Power. The PUC wants the block structure to remain, and proposed a revised, two-block structure, which it believes will encourage conservation.

Smith said that Nevada Power's plan was "a step toward cost-based rates, and it's a more equitable means of recovering fixed costs." Marcus found that low-consumption and low-income users of electricity would experience rate increases of up to 26 percent, and that 28 percent of single-family residential customers would experience a rate reduction.

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