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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

Seattle Raises Electric Rates 18 Percent

LCG, Jan. 30, 2001The Seattle City Council yesterday approved an 18 percent electric rate increase for City Light, its municipal utility, citing high wholesale power prices worsened by a lingering drought that has curtailed usually plentiful hydroelectric power.

Before the 9-0 vote was taken, Councilwoman Jan Drago said "There's not a one of us that likes to raise taxes or raise rates, but that's what we're here to do."
City Light spokesman Bob Royer noted that power was selling for $25 per megawatt-hour a year ago has been running at more than $300 a megawatt hour this month. That is in the same range as the prices that have force two big California utilities into insolvency, but their regulators reluctantly allowed only a $10 per megawatt-hour rate increase, and that after the damage was done.

City Light said that if the drought continues, and if power is siphoned off to California, it could need another rate increase this summer, perhaps as high as 30 percent. On top of that, when the municipal utility's new contract with the federal Bonneville Power Administration goes into effect in October, rates could increase again.

Councilman Jim Compton said Seattle should invest in new power plants to avoid being at the mercy of Bonneville and independent power producers. "Get ready, folks. It's coming, and we have to defend ourselves and our region," he said.
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