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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

Enron Nears Deal to Sell Portland General Electric

LCG, Nov. 18, 2003--The public electric utility Portland General Electric (PGE) will be sold to Oregon Electric Utility Co., based upon a deal that has received approval from the board of directors of PGE owner Enron Corp. and the Official Unsecured Creditors' Committee.

The sale would be completed through a cash payment of $1.25 billion, and the assumption of about $1.1 billion worth of debt, according to Enron spokesman Mark Palmer. Oregon Electric Utility Co. is a newly created unit of Texas Pacific Group, a private-equity firm with experience in acquisitions of businesses having financial difficulties.

PGE would keep the same name, should the Oregon Public Utility Commission and federal agencies decide to approve the transaction.
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