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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

Fudging the Numbers Made Cal Power Auction Look Good

LCG, Jan. 26, 2001When California Gov.Gray Davis announced that the average bid received by the state's Water Resources Department for electric power contracts was 6.9 cents per kilowatt-hour, he took the surprisingly low price as a sign that "we are on the right track."

It now turns out that 6.9 cents was not the average price, but what the governor's office calls a "weighted average." With only a little more candor, it might be termed a "lightened average." Yesterday, the governor's office said the $69 per megawatt-hour "average" didn't take into account power that would be delivered during periods when it was needed most.

Periods of peak demand represent a lot of the waking hours in California, and anywhere else. The 6.9 cent figure did not include power that would be delivered between noon and 8:00 p.m. in the summer and between 5:00 p.m. and 9:00 p.m. in the winter.

A spokesman in the governor's office insisted there was no attempt to mislead anyone. "We're not throwing out those other bids," he said, "it's just that they're not letting that stuff out."

They had better let that stuff back in. California is expected to be even shorter on power this coming summer than it was last year. So far this winter, there have been two feeble storms in the state, and the reservoirs behind 14,000 megawatts of hydroelectric capacity are pretty empty.

The "weighted average" may have allowed the governor's office to paint a rosy picture, but it was only rosy for a day.

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