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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

Watkins Says Enron Partnerships Common Knowledge

LCG, Feb. 15, 2002--Partnerships approved by senior executives at Enron were kept in place by intimidation and deception, company executive Sherron Watkins testified at a hearing of a House Energy investigations subcommittee.

In a meeting with chairman Ken Lay in August, Watkins brought up her concerns that losses were being improperly hidden through outside partnerships that were financed using Enron's own stock. Lay, Watkins thought, "didn't understand the gravity of the situation." In talking to other employees, Watkins found that the partnerships were considered to lack a solid foundation, but criticism of their risks met with intimidation from chief executive Jeffrey Skilling and chief financial officer Andrew Fastow. She further testified that Skiling, who claimed ignorance of any accounting misdeeds in testimony last week, "did dupe Ken Lay and the board," and that she would be incredulous if Skilling were not aware of Fastow's practices.

Watkins' meeting with Lay took place, Watkins said, when she learned that Fastow might be chosen to replace Skilling as chief executive after Skilling's sudden resignation. Fastow had alllegedly demanded that she be fired after he learned of her meeting with Lay.

According to Bruce Hiler, Mr. Skilling's lawyer, "everything she said about my client is based either on hearsay, rumor or opinion." Accountant Arthur Andersen's spokesman Patrick Dorton said that Watkins, who worked at Arthur Andersen earlier in her career, "was not in a position to form judgments" concerning Andersen's professional advice to Enron.
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