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News
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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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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
Mirant Restating Earnings, Mentions Bankruptcy
LCG, Nov. 8, 2002--The deregulated power developer and energy trader Mirant will file revised financial statements for the second quarter, following the discovery of what it it says are accounting errors, during an audit by its new accountant, KPMG LLP.The company said that a filing for bankruptcy protection is a possibility, dependent on whether or not it is able to refinance its debt. It stated that its amended 10-Q filing, expected in December, will show a $220 million loss, revised from an earlier loss of $152 million. Mirant will also have re-audits of its statements from the years 2001 and 2000 conducted.James Peters, speaking to Dow Jones Newswires, said "Mirant is confident in its business prospects. However, given the fact that we started a re-audit, it's prudent that Mirant cautions its shareholders of risks associated with the re-audit process." Bankruptcy protection would most likely be sought if payments on $4.5 billion in consolidated debt were to have to be accelerated.As parts of KPMG's audit, it found that Mirant's marketing and risk management operations did not properly disclose the nature of the company's positions due to a lack of internal controls and poor coordination between those business units' activities and the general ledger. Mirant is installing a new trading system which it expects will minimize delays in reporting.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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