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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

NYSE&G Says New York Short on Energy Supply

LCG, April 6, 2001Utility New York State Electric & Gas Corp. says its state does not have enough in the way of power plants, transmission facilities and natural gas pipelines to support a competitive wholesale electricity market.

"Today, rising total electric prices in parts of New York threaten our economy," NYSE&G's president Ralph Tedesco said. "While NYSE&G strongly supports competition, our experience in New York, coupled with the California experience, underscores the need for us to reevaluate the time frame and infrastructure requirements necessary to achieve our goals."

NYSE&G, in a report with the title "New York State's Electric Energy Crisis and NYSE&G's Comprehensive Solution," says that since the New York Independent System Operator took over the wholesale power market in November 1999, wholesale electricity prices have risen more than 100 percent because there is insufficient in-state supply to create a liquid market.

Ken Klapp, a spokesman for the ISO, said most of what the utility is talking about is being addressed by the ISO and the New York State Public Service Commission.

NYSE&G's "Comprehensive Solution" consists of price caps on wholesale power through 2008.

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