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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

Enron Won't Increase Stake in India's Dabhol Project

LCG, Jan. 25, 2001Enron Corp. this morning scotched reports that it would increase its stake in Dabhol Power Co., the huge 2,184 megawatt power project in the Indian state of Maharashtra. The company said, in fact, that it will continue with plans to sell a portion of its ownership in the facility.

In a statement, Enron explained that plans laid out for the project four years ago specified that the U.S. company would own only 50 percent of Dabhol. Enron will have to sell about 15 percent of the project to meet that condition.

Yesterday, Indian newspapers reported that a government committee had approved a proposal by Enron to increase its ownership to 80 percent. The extra 30 percent sounds suspiciously like the 30 percent of Dabhol the Maharashtra Electricity Supply Board was supposed to own. The MSEB now owns 15 percent of Dabhol, but has said it would be unable to acquire the additional 15 percent now owned by Enron and has been disingenuous in recent statements about its part in Dabhol.

Enron said the newspapers could have misinterpreted a proposal it made about the second phase at Dabhol. "You can't look at the second phase as a separate unit. You have to look at Dabhol PowerCompany as a whole and there our stake today stands at 65 percent," an Enron spokesman said.

Enron India said the proposal was for the company to transfer 15 percent ownership in Dabhol to another Enron affiliate. "Technically, Enron is simply splitting its existing equity structure into two separate Enron-owned companies, one holding 50 percent of DPC equity and one holding 15 percent to facilitate the sell down," the company said.

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