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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

UK Rejects Ofgem's 'Good Behavior' Rules

LCG, Dec. 11, 2000--The British Competition Commission this morning told the government's Office of Gas and Electricity Markets that it could not make "good behavior" clauses a part of the licenses of electricity generators.

Ofgem had got six companies to grudgingly accept the clauses which the regulator hoped would end what it perceived as market manipulation, but two firms, British Energy Plc and AES Corp. of the U.S. balked, saying they would take their chances with the Competition Commission.

The Commission said this morning that it was not "against the public interest" for the two companies to do business without the clauses in their contracts.

The decision was a sharp rebuff for Ofgem general director Callum McCarthy, who see abuses of market power behind every power pole. He said he was "deeply disappointed" because it would mean he couldn't enforce the clause even against those who signed it.

"I regard this as a substantial loss of measures needed by Ofgem to do our job," McCarthy said. "This is to the detriment of consumers whose protection is Ofgem's new primary objective under the law."

In its decision, the Commission said "We think such a prohibition would cause uncertainty, because of the difficulty of distinguishing between abusive and acceptable conduct, and would risk deterring normal competitive behavior."

The companies had argued that the clause gave Ofgem the combined powers of "judge, jury and executioner."

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