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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

Black Hills Buys Enron Power Plant Near Vegas

LCG, Sept. 7, 2001--Black Hills Energy Ventures, a unit of Black Hills Corp., said yesterday it has purchased from Enron North America a 273 megawatt gas-fired co-generation power plant project located northeast of Las Vegas. Financial details were not disclosed.

The project has 51 megawatts of production currently in operation and another 222 megawatts under construction, with commercial operation scheduled for the summer of next year. Output of both the existing plant and the expansion has been sold under long-term contracts, Black Hills said.

Daniel P. Landguth, Black Hills chief executive, said, "This project achieves several corporate objectives. First, by linking the facility to long-term contracts and fuel provision requirements, we minimize our risk exposure while securing significant recurring revenue and earnings streams. Second, the location is consistent with our desire to have generation assets in Western markets with growth potential. Finally, this power project -- our largest to date -- puts us on target to reach our goal of 1,000 megawatts of independent power capacity by 2003."

Landguth said all of Black Hills' plant acquisitions come with long-term contracts. "We are developing a strong generation portfolio without subjecting our earnings to market volatility," he said.

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