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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

Davis Seizes PG&E's Long-Term Power Contracts

LCG, Feb. 6, 2001California Gov. Gray Davis again used his power of eminent domain yesterday to seize long term power contracts between a state utility and generating companies to prevent their being sold to satisfy the company's debtors.

As he did on Friday when he grabbed contracts belonging to Southern California Edison Co., Davis yesterday seized contracts of Pacific Gas & Electric Co. before they could be liquidated by the California Power Exchange.

The contracts, entered into by SoCal Edison and PG&E in the power exchange's "block forward" market, are for electricity at 6 to 13 cents per kilowatt-hour, EnergyOnline Daily News has learned. This compares with prices of 25 cents to 35 cents per kilowatt-hour the companies have been paying in the spot market.

At a news conference yesterday, Davis told reporters "This will ensure that the price of power is a good deal less than it would be if it went out on the open market. Legislative leaders urged me to take this action and I took it."

Davis said the money to acquire the contracts will come initially from the state's general fund.

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