News
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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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
TXU Sells English Power Plant to International Power
LCG, June 11, 2001International Power, the British electric generator created with the breakup of National Power, said this morning it will pay TXU Europe 200 million ($277 million U.S.) for the 1,000 megawatt Rugeley Power Station near Birmingham in central England.Under the deal, the European arm of Texas electric company TXU Corp. will continue to provide coal for the Rugeley plant and purchase the power station's output. The tolling agreement lasts through the end of 2005.Peter Giller, chief executive of International Power, said "We are pleased to acquire this efficient coal facility, which will give us a reliable medium-term earnings contribution under the tolling agreement."In a joint statement, the companies said International Power would pay one-third of the selling price upon closing of the deal, which is expected later this month, and the balance within six months. The companies also said there would be no job losses as a result of the transaction.
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PLATO
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