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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

PG&E Gets 4-Month Recovery Plan Extension

LCG, July 24, 2001The U.S. Bankruptcy Court in San Francisco yesterday granted Pacific Gas & Electric Co. a four-month extension to file a Chapter 11 recovery plan without interference from creditors groups.

Companies that have filed for protection from creditors under Chapter 11 have the sole right to offer a recovery plan for the first 120 days after filing for bankruptcy, a period that would have expired for PG&E on August 6. If bankruptcy Judge Dennis Montali had not granted the extension, creditors, shareholders and others could have presented their own plans.

PG&E officials said when they asked for the extension on July 3 that the additional time was warranted because of the complexity of the case. The utility's bankruptcy is believed to be one of the largest ever.

"We want to make sure we develop a plan of reorganization that will reaffirm the company's financial health and that is in the best interests of the creditors and all parties," said PG&E spokesman Ron Low.

A committee representing unsecured creditors said in court papers that it "firmly believes that all parties in interest should move quickly and provide assurance that any filed plan will pay creditors in full and remedy PG&E's various issues and problems."

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