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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

Korea Electric Power Split-up Monday

LCG, March 30, 2001The government of South Korea said this morning that it will on Monday split the electric generation assets of state-run Korea Electric Power Corp. into six separate companies in a reorganization of the way wholesale power is sold and as a first step toward their eventual privatization.

"We are on track -- we will officially and legally register them as (individual) companies," an energy ministry official said today. "The (new companies) will also be trading electricity on the Korea Power Exchange starting Monday."

There will be five companies for thermal generation and one hydroelectric and nuclear power company. The thermal companies will have among them a total of 40,129 megawatts of capacity. The hydro-nuclear company will have a capacity of 22,251 megawatts.

The energy official said the six companies will be competitors starting Monday. "Wholesale prices will be deregulated then," he said, "but retail prices will be determined by the government for the time being." He added that retail prices will likely be deregulated in 2003, when the government restructures electric distribution operations.

The Korean government plans to begin privatizing the thermal companies early next year. Plans call for the government to allow foreign investors to purchase two of the thermal companies, which would allow outsiders to control up to 30 percent of South Korea's electric generation.

Korea Electric Power's transmission assets will remain under government control, the official said.

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