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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

Conectiv Getting Out of the Plumbing Business

LCG, Oct. 11, 2000--Conectiv Inc. said yesterday that it has sold a division of Conectiv Services located in southern Delaware and eastern Maryland to its employees for an undisclosed sum. The business sold is a plumbing, heating and cooling contractor in both the residential and commercial markets.

Howard E. Cosgrove, chief executive of Conectiv, said "The proceeds will be redeployed into our core business." The company, the product of the merger between Delmarva Power & Light Co. and Atlantic Electric Co., was once an electric utility. It now sees itself as an operator of peaking power plants.

Cosgrove said "Conectiv is making steady progress towards our goal of establishing a leadingposition in the mid-merit generation market within the PJM power pool. Combined with our powerdelivery business, this strategy will allow us to meet the region's growing need for power in a mannerthat creates growth and value for shareholders."

"Mid-merit" means plants that can be started quickly when the price of power is high and shut off when the price begins to drop.

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