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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 Approve AEP Transition Plan

LCG, Sept. 29, 2000The Public Utilities Commission of Ohio yesterday approved the plan submitted by American Electric Power Co. Inc. for its transition to a competitive electricity market, PUCO and AEP said in separate announcements.

PUCO Chairman Alan Schriber said "AEP customers can begin to shop for competitive generation services" when the Ohio electric market opens up on January 1. He noted that AEP's plan "came before us as a settlement in which the overwhelming majority of intervenors either supported or did not oppose the resolution of the very complex issues inherent in these cases."

Nevertheless, the regulators did some tinkering with the plan as submitted, prompting Floyd Nickerson, AEP's Ohio president to comment "For the most part, we're pleased with the approval. However, we disagree with the PUCO's treatment of the gross receipts tax, and we will be asking for a rehearing on this issue."

The AEP transition plan affects its Ohio subsidiaries, Columbus Southern Power Co. and Ohio Power Co. Terms of the plan include:

  • Residential customers who do not switch will receive 5 percent off the generation portion of their bills through the market development period.

  • The first 25 percent of Columbus Southern's residential customers who switch will not be required to pay the generation component of current rates and will also receive a shopping incentive of 0.25 cents per kilowatt-hour. Any unused portion of the shopping incentive will be used by AEP to reduce transition charges.

  • The first 20 percent of Ohio Power's residential customers who switch as of Dec. 31, 2005, will be relieved of their obligation to pay transition charges for 2006 and 2007 -- a savings of 0.25 cents per kilowatt-hour.

  • The notice period for commercial and industrial customers who are under contract with AEP, but who choose to switch, is 90 days.

  • Transition charges will end by Dec. 31, 2007, for Ohio Power and by Dec. 31, 2008, for Columbus Southern.

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