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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

Enron's Bankruptcy Plan Filed

LCG, July 11, 2003--Enron filed a bankruptcy reorganization plan that the company's acting chief executive, Stephen Cooper, said represented a distribution of "100% of the economic value of Enron."

The plan will account for 300 classes of creditors, which have claims against 173 affiliates included in the filing for bankruptcy protection. A majority of the members of each class will need to approve the plan, and a vote of two-thirds of the total dollar amount will have to give its backing. Cooper said that a number of creditors and the court-appointed examiner representing Enron North America creditors have voiced their support.

The claims creditors say they are owed equal $67 billion, although what they will receive may be between 14.4 cents and 18.3 cents per dollar, much less than creditors in most bankruptcies receive. The payouts will be made 70% in cash, according to Cooper.
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