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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

Duke Offers San Diego Low-Priced Long-Term Power

LCG, Nov. 28, 2000--Duke Energy Corp. said yesterday it had proposed to manage San Diego Gas & Electric's Co.'s 3,300-megawatt electricity load at a fixed price of 6 cents per kilowatt-hour for the next five years, a half-cent under the price everyone in San Diego seems to want.

Duke said its proposal, made through its Duke Energy North America (Dena) business unit, takes into account SDG&E's seasonal and hourly load requirements and has a 3-percent annual adjustment for inflation. It was included in comments Dena submitted to the Federal Energy Regulatory Commission last week in response to the commission's proposed remedies for California's electricity market.

"The 3,300 megawatts represent the full electricity load SDG&E needs to serve its retail customer base during the hottest summer day," said Jeff Stokes, Dena executive vice president for the western region.

Bill Hall, Dena vice president of asset management for the Western region. "The competitive wholesale electricity markets did not cause this electricity crisis; but with patience, wisdom and bold behavior by all market participants, we can fix the crisis and not burden the state's electricity ratepayers or taxpayers."

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