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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

Montana Power Sells Oil and Gas Unit

LCG, Aug. 29, 2000--Montana Power Co. said yesterday it has sold its nonregulated natural gas and oil business unit to PanCanadian Petroleum Ltd. of Calgary for $475 million (U.S.). Proceeds from the sale will be invested in Montana Powers telecommunications subsidiary.

The sale includes subsidiaries that have interests in crude oil, natural gas and gas liquids exploration, production and marketing in the United States and Canada.

Robert P. Gannon, chairman and chief executive, noted that "Montana Power has had a Canadian presence for nearly a half century."

The U.S. businesses have are mostly in northern Montana and in the Denver-Julesburg Basin north of Denver and include minor properties in the Anadarko Basin, Oklahoma, and Green River Basin, Wyo. Modern fractionation plants are at Cut Bank, Mont. and Ft. Lupton, Colo. The Canadian properties reside mostly in southern and central Alberta and in southern Saskatchewan.

David Tuer, PanCanadian's president and chief executive, said "The potential in these assetsis significant, and over the next few years, we will add substantially to PanCanadian's daily natural gas production."

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