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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

Piedmont Natural Gas Obtains Approval from State Commission for the Proposed Atlantic Coast Pipeline

LCG, October 28, 2014-Piedmont Natural Gas yesterday received regulatory approval from the North Carolina Utilities Commission (NCUC) for its affiliate agreements with the Atlantic Coast Pipeline (ACP). Regulatory approval from the NCUC is necessary, as Piedmont Natural Gas is both a financial partner and a customer of the proposed natural gas pipeline. In addition, approval for the project will be needed from the Federal Energy Regulatory Commission (FERC).

Piedmont Natural Gas, Dominion, Duke Energy, and AGL Resources announced in early September their new partnership called Atlantic Coast Pipeline LLC, together with plans to construct, own and operate the 550-mile natural gas pipeline to deliver gas supplies via a new, direct path from the growing Marcellus and Utica shale basins in West Virginia, Pennsylvania and Ohio to the growing demands in North Carolina and Virginia. The partnership will own the pipeline initially proposed by Dominion as the Southeast Reliability Project. The planned pipeline, with a 1.5 Bcf/day design capacity, is targeted in part to meet the needs identified in requests for proposals last April by Duke Energy and Piedmont, and in June by Virginia Power Services Energy. The estimated cost of the project is $4.5 billion to $5 billion, and the pipeline could be operational by late 2018, pending regulatory approval.

The new joint venture ownership stakes are divided as follows: Dominion, 45 percent; Duke Energy, 40 percent; Piedmont, 10 percent; and AGL Resources, 5 percent. Subsidiaries and affiliates of all four joint venture partners plan to be customers of the pipeline under 20-year contracts, pending regulatory approvals. PSNC Energy also plans to be a customer of the pipeline under a 20-year contract, pending regulatory approvals.

The proposed Atlantic Coast Pipeline will extend from Harrison County, West Virginia southeast through Virginia, with an extension to Chesapeake, Virginia, and then south through central North Carolina to Robeson County. The project design includes 42-inch diameter pipe in West Virginia and Virginia, reducing to 36 inches in diameter in North Carolina. Three compressor stations are included: one at the beginning of the pipeline in West Virginia, one in central Virginia (Buckingham County), and one near the Virginia-North Carolina state line. The range of normal operating pressure on the pipeline will be from 750 to 1,440 psig, the Maximum Allowable Operating Pressure (MAOP) of the pipeline.

Dominion will build and operate the Atlantic Coast Pipeline on behalf of the venture. Dominion now operates nearly 8,000 miles of interstate pipeline in six states.

Dominion plans to submit a pre-filing request with the FERC this fall on behalf of Atlantic Coast Pipeline and to file its FERC application next summer. Dominion's schedule includes receiving the FERC Certificate of Public Convenience and Necessity (CPCN) in the summer of 2016, with project construction commencing shortly thereafter.
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