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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

Federal Court Says California Can't Deny Payment to Utilities

LCG, Jan. 9, 2001U.S. District Judge Ronald S. W. Lew yesterday ruled that regulating wholesale electricity rates was a federal matter and not the province of states, but said whether Southern California Edison Co. could collect some $5 billion from its customers would have to be settled in a trial.

SoCal Edison had sued the California Public Utilities Commission last November for refusing to allow it to pass on to its customers the wholesale prices the utility paid for power it delivered to them. While he agreed with the company that wholesale rates were subject to federal jurisdiction, he denied a motion to rule in the utility's favor without a trial.

Lew also denied a CPUC motion to dismiss the case, but said the regulatory body could pursue a claim that SoCal Edison failed to purchase lower cost power. Harvey Morris, a lawyer for the CPUC, said "We will investigate fully the alternatives (Southern California) Edison could have pursued and didn't."

Since late spring last year, SoCal Edison has been purchasing power at wholesale rates far higher than the retail rates it is allowed to charge. The company claims it is entitled to pass these costs through to its customers. Ron Olson, a utility lawyer, said yesterday "We are confident in the light of the ruling that we will ultimately prevail."

SoCal Edison said that if it wins the case it will spread the recovery of its money out over a five-year peiod in order to protect its customers from the non-electric shock of doubled electric bills.

Pacific Gas & Electric Co., which faces the same undercollection problem, said it saw hope in the judge's decision.

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