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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

Philly Gas Works asks for $64 Million Rate Cut

LCG, May 4, 2001--The Philadelphia Gas Works, the big municipal natural gas utility in the City of Brotherly Love, said yesterday it has filed a request with the Pennsylvania Public Utility Commission to lower gas cost rate. The reduction could result in nearly $64 million in savings for its more than 500,000 customers in the city.

The gas cost rate is a separate charge on Philly Gas Works' customers' bills that reflects the blended cost of natural gas that the utility pays to its suppliers. That cost is passed on to customers without any profit added to it, the gas works said.

The utility is proposing to lower the gas cost rate from $6.6959 to $5.5959 per one thousand cubic feet on September 1.

"This should result in an annual savings of about $110, more than seven percent, for the typical Philadelphia Gas Works residential home heating customer," said Thomas Knudsen, interim chief financial officer.

"This is great news for our customers," he continued. "It indicates that the supply of natural gas isimproving following a tough winter. Additionally, Philadelphia Gas Works is saving by buying and storing reserves at lower market prices and passing those savings on to our loyal customers."

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