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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

California Power Producers Didn't Hold Back, FERC Says

LCG, Feb. 5, 2001Charges that California's independent power producers deliberately shut down plants with the objective of driving up the price of electricity are unfounded, according to a report released Friday by the Federal Energy Regulatory Commission.

"FERC staff did not discover any evidence suggesting the audited companies were schedulingmaintenance or incurring outages in an effort to influence prices," the report said.

"Rather the companies appeared to have taken whatever steps necessary to bring the generating facilities back on-line as soon as possible by accelerating maintenance and incurring additional expenses," the study continued. "Also, the outages did not correlate to the movement of prices on any given day."

An investigation had been demanded by California regulators seeking a reason for the power shortages which have gripped the state since last spring.

FERC said its investigators found that many plants were shut down as a result of their owners keeping them running earlier in the year when the state's transmission operator first began to feel the impact of power shortages.

Jan Smutny-Jones, executive director of the power producers' trade group, said Friday "Hopefully, today's FERC report will quiet those who have tried to blame the producers for the crisis, when in fact we have been and continue to be an important part of the solution to California'senergy woes."

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