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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

CA Governor Favors Settlement with El Paso Corp.

LCG, February 25, 2003Today Californias Governor Gray Davis said he would rather see a settlement than a ruling in a case regarding El Paso Corporations alleged manipulation of pipeline capacity.

The Federal Energy Regulatory Commission (FERC) is expected to issue a ruling by the end of March regarding whether or not the El Paso Corporation was at fault for the high cost of natural gas during the electricity crisis of 2000/2001. El Paso owns and allots natural gas pipeline capacity to those interested in shipping gas. California claims that the corporation limited shipping capacity at 79 percent from a period between November 2000 and March 2001, limiting supply and resulting in $3.3 billion in overcharging. This period showed high natural gas prices and high wholesale electricity prices. Many of the states power plants are fueled by natural gas, so inflated gas prices would have had a serious impact on the price of wholesale electricity during this time.

El Paso insists that it operated lawfully. California and El Paso are currently discussing settlement possibilities, according to Governor Davis.

Davis has, on more than one occasion, asserted his lack of faith in FERC to put forth a fair decision. Simultaneously, he is facing growing, bipartisan criticism in California on a number of issues including energy, and may even be subjected to a ballot measure intended to recall him as governor.

Meanwhile El Paso will sell its Mid-Continent natural gas reserves to Chesapeake Energy Corp. for $500 million and has gained liquidity through a new $1 billion financing deal. El Pasos Southern Natural Gas Co. and ANR Pipeline Co. are also being sold for $400 million and $300 million, respectively. The companys stock jumped by at least 13% this morning.

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