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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

Sierra Pacific Sells Water Assets To Truckee Meadows

LCG, Jan. 16, 2001--Sierra Pacific Resources Inc. said yesterday it sell its water business in the Reno-Sparks area of Nevada to the Truckee Meadows Water Authority for $350 million. The transaction is expected to close in spring.

The water supply and distribution business serves more than 72,000 customers and has about 85 employees. The water company assets include modern treatment facilities and distribution infrastructure, hydroelectric facilities located on the Truckee River and certain water rights and storage rights at Donner and Independence Lakes in the high Sierras.

Jeff Ceccarelli, president of Sierra Pacific Power Co., said, "This is a very good outcome for us and TMWA. Their bid was evaluated against our selection criteria which included price, time to close the deal, and the ability to handle the important customer and employee issues."

Sierra Pacific said that proceeds from the sale will be used for reduction of debt and for investment in the company's core businesses of electric and gas distribution and transmission.

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