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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

Regulators Boost Bangor Hydro Standard Offer Rate

LCG, July 26, 2000--Electricity customers of Bangor Hydro-Electric Co. who choose to stick with the utility instead of switching to a competitive supplier will be paying more for their loyalty under an order by the Maine Public Utilities Commission, the utility said yesterday.

Beginning August 1, rates for standard offer energy service for Bangor Hydro's residential andsmall commercial classes will be increased by about a tenth of a cent per kilowatt hour to around 4.6 cents per kilowatt hour. This increase will remain in effect until next February 28, the company said.

The utility figures the average householder, using 500 kilowatt-hours of electricity a month, will see his monthly electric bill go up by about fifty cents.

Bangor Hydros medium and large commercial customers will get hit four times as hard, with a four-tenths of a cent increase in their standard offer rate, but it will be only for one month, with the rate returning to the present level at least through next February 28.

The increase is an adjustment to reflect actual prices paid for wholesale power which exceeded by some $1 million the estimates made when the commission set standard offer rates in an administrative order on February 29 of this year.

Beginning March 1 next year, the rates will be those set by the regulators through a competitive bidding process the commission will conduct later this year.

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