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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

Sierra Pacific Customers to Get October Rebates

LCG, Aug. 4, 2000--Customers of Sierra Pacific Power Co. will get rebates on their October bills as the company shares with ratepayers the profits it earned in excess of an agreed-upon threshold.

The Public Utilities Commission of Nevada approved a $9.3 million rebate that translates for the typical residential customer an $11.26 credit on his electric bill and $3.72 for gas. Electric customers will also receive another 51 cents as part of a refund announced last month.

Doug Pond, the utilitys vice president for government and regulatory affairs, said "We're pleased with the Puces action today and would like to thank the Bureau of Consumer Protection, PUN staff and all of the parties that participated in the agreement that led to (the rebates)."

In 1997, the PUN and the Bureau of Consumer Affairs worked out with Sierra Pacific an agreement to split 50-50 with its customers any profits earned over a specified plateau in 1997, 1998 and 1999. The rebate announced yesterday was the third and final one under that agreement.

The total amount returned to customers under the agreement is close to $30 million.

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