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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

Idaho Power Asks Rate Hike to Cover Power Costs

LCG, Feb. 26, 2001Idaho Power Co. on Friday asked the Idaho Public Utilities Commission for a 1.3 cents per kilowatt-hour across-the-board rate increase to help pay for "extraordinarily high" purchased power expenses. The utility said those costs have reach $160 million in the last 10 months.

"Our company's deferred balance for power purchased to supply our customers since last April hasreached an unprecedented level," said Idaho Power chief executive Jan B. Packwood. "As a regulated utility, it is vital that we begin now to recover these costs and continue to earnestly conserve our energy resources."

Packwood blamed the high cost of purchased power on a volatile wholesale energy market resulting from chronic supply shortages in California and very poor hydro generating conditions due to low river flows in Idaho and throughout the Pacific Northwest.

The company said the emergency charge, if approved, will result in a revenue increase to the company totaling $161 million for one year, which will offset the increase in purchased power costs. There will be another rate change requested in April when Idaho Power makes its annual cost adjustment filing.

Packwood said the increase would "serve to create a more direct connection between the price ourcustomers pay and the true cost of their electricity."

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