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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

SDG&E parent Expects 37 Percent Profit Jump

LCG, July 18, 2000--Sempra Energy, the parent company of San Diego Gas & Electric, has forecast that it will report substantially higher earnings for the quarter ended June 30, beating last years figures by as much as 37 percent.

At the same time, SDG&E electricity customers in Southern California have seen their electric bills double since May.

The utility says it is not responsible for the price spikes that have driven the average householders bill from around $50 to more than $100 per month. The company no longer generates power, having sold its power plants as part of the restructuring of Californias electric industry, and now must purchase power in the open market.

While SDG&E was explaining about the wholesale power market, its parent Sempra was explaining about its big increase in profits. It seems a Stamford, Conn.-based subsidiary, Sempra Energy Trading, cut a fat hog buying electricity and other energy commodities cheap and selling them dear.

SDG&E customers might be excused if they ask why Sempra Energy Trading didnt show a little favoritism to a sister company. Justin McCann, an analyst with Standard & Poors Equity Group agreed that that sort of question could trouble the company. "The utilities are very careful about a kind of backlash from consumers," he said.

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