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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

SEC Approves Northern States-New Century Combo

LCG, Aug. 18, 2000--The U.S. Securities and Exchange Commission yesterday placed its imprimatur on the merger of Northern States Power Co. and New Century Energies of Denver, Colo., bringing to near-completion yet another combination of major energy utilities.

The SEC approval leaves only paperwork to be done before closing the transaction, which will create a new company named Xcel Energy Inc. Xcel will be headquartered in Minneapolis, Minn., but New Century, the former Public Service Co. of Colorado, will continue to have offices in Denver.

Xcel will be a holding company, serving through operating subsidiaries more than 3 million electricity customers and 1.5 natural gas customers in 12 states. A subsidiary of New Century will add about 2 million customers in the United Kingdom.

Wayne Brunetti, chairman and chief executive of New Century, will be president and chief executive of the new company and has already moved to Minneapolis from Denver. Jim Howard, Northern States chairman, president and chief executive, will be chairman of Xcel for a year before retiring, at which time Brunetti will assume that role as well.

Under terms of the transaction, Northern States stock will become Xcel stock, share-for-share, with no exchange of stock necessary. New Century shareholders will receive 1.55 shares of Xcel stock for each share of New Century they own.

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