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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

Florida Power & Light Seeks Big Rate Boost

LCG, Aug. 25, 2000--Florida Power & Light Co. said this morning it would ask regulators for permission to increase electricity rates to offset the effect of higher prices for oil and natural gas it uses to fuel its power plants.

The company said it had filed preliminary papers with the Florida Public Service Commission demonstrating that power plant fuel would cost it $518 million more in 2000 than originally estimated. Next month, the company will ask the commission for a rate increase to compensate for the increased cost of generation.

If the full amount is granted, residential electric rates could increase by as much as 13 percent, the company said. It added that is would ask the regulators to spread the cost recovery over two years in order to reduce the impact on consumers to about 9 percent.

FPL said the increase, if allowed, will be somewhat mitigated by a refund to customers of between $75 million and $100 million.

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