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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

Nisource, Columbia Merger to Cost 800 Jobs

LCG, Oct. 13, 2000-- Nisource Inc., which is acquiring Columbia Energy Group, announced Thursday it will cut 800 jobs, or about 5 percent of the companies' combined work force, when the merger is completed.

The company said the cuts will be made through involuntary terminations and early retirements. Employees leaving the companies involuntarily will be provided separation benefits as well as assistance in seeking new career opportunities.

Pink slips will be issued throughout the organization geographically and at all staff levels, Nisource said. Company spokeswoman Sally Anderson said a breakdown of job cuts in individual states was not available.

Nisource's acquisition of Columbia, which began as a hostile takeover, will create the largest U.S. gas utility east of Southern California. The new company will serve about 3.6 million gas and electric customers in nine states in the Midwest and Northeast.

The company said the "synergies" will save the two companies about $100 million next year and increase to $175 million in 2004.

Approval by the Securities and Exchange commission is the only remaining regulatory action required to complete the merger.

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