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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

Connecticut Light & Power Rate Changes a Wash

LCG, June 21, 2001--The Connecticut Department of Public Utility Control said yesterday it will require Northeast Utilities subsidiary Connecticut Light & Power Co. to reduce its electricity delivery rates by $21.1 million.

At the same time, the utility will be required to increase by approximately the same amount its generation service charge, the price customers pay the company to make the electricity.

The transmission and distribution charge reduction results from over-earnings due to the company's reduction of stranded costs as a result of the sales of its generating assets. The generation service charge increase results from increasing costs of purchasing power, mostly because of the rising costs of power plant fuel.

The DPUC said in a news release that it will be easier for alternative energy service companies to sell generation competitively if CL&P must charge more for the electricity it sells. Customers will benefit because no matter who sells the power, it is delivered by the utility.

The department's decision includes an earnings sharing mechanism for future excess earnings under which future earnings above 10.3 percent will be shared 50 percent by customers and 50 percent by shareholders.

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