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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

New Jersey Regulators Extend First Energy, GPU Talks

LCG, June 25, 2001Hearings before a New Jersey Board of Public Utilities administrative law judge, aimed at arriving at a settlement of regulatory concerns about plans by First Energy Corp. to acquire GPU Inc., have been extended until July 9, GPU said Friday.

GPU said the judge has asked partied to the talks to continue their discussions, noting that the extension will postpone a decision that the judge had scheduled for June 29.

If First Energy is allowed to acquire GPU, the $4.5 billion merger will create an electric utility serving 4.2 million customers in a service territory stretching from the western edge of Lake Erie to the Jersey shore.

Energy analysts were not surprised by the delay, saying that they expected the law judge wanted to hear more from First Energy on the merger. The Ohio utility has disappointed the Board staff and the New Jersey Ratepayer Advocate by its lack of candor, one said.

A big reason for the delay could be GPU's request of New Jersey regulators that it be allowed to employ deferred accounting to cover power purchase costs that it cannot recover under New Jersey's rate cap.

Last Week, Pennsylvania approved such accounting, leaving only New Jersey and the U.S. Securities and Exchange Commission as bodies from which approvals for the merger are needed.

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