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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Feds Okay CP&L Takeover of Florida Progress

LCG, July 14, 2000--The pending takeover of Florida Progress Corp. by the holding company for Carolina Power & Light Co. has been approved conditionally by the Federal Energy Regulatory Commission and by the Department of Justice and Federal Trade Commission, CP&L Energy Inc. said yesterday.

FERC approved the combination on condition that the companies make a filing by October 15 of their plans to transfer operational control of their transmission facilities to an independent system operator or other regional transmission organization. The transfer would have to be accomplished by December 15 of next year.

In its ruling, FERC said "we find that applicants' proposed merger and mitigation commitments are consistent with the public interest. Accordingly, we will approve the merger without further investigation."

In a separate ruling, the Department of Justice and the Federal Trade Commission found no adverse effects on competition as a result of the acquisition.

William Cavanaugh, CP&L chief executive, said "Both companies are committed to FERC's vision for regional transmission entities, so we are confident we will complete this acquisition on schedule this fall." Cavanaugh will be chairman, president and chief executive of the new company formed by the merger.

The acquisition still must be approved by other federal and state regulatory agencies, including the Securities and Exchange Commission and the North Carolina Utilities Commission and by shareholders of both companies.

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