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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

No Power Refund Talks Until After Summer, Duke Says

LCG, Aug. 8, 2001--California power producers are presently focused on meeting expected heavy demand for electricity and thereby avoiding rolling blackouts, and have been diverted from the problem of refunds for alleged overcharges, an official of Duke Energy Corp. said yesterday.

California Gov. Gray Davis has been adamant in his claim that the power producers -- in his view mostly Texas companies with close ties to President Bush and Vice President Dick Cheney -- owe the state $8.9 billion in refunds for charging up to $3,000 per megawatt-hour when the state was reeling from repeated rolling power blackouts.

The top administrative law judge for the Federal Energy Regulatory Commission has said the figure is more like $1 billion, if that, and added that it is unlikely that California will see a dime of cash because the power producers haven't been paid for much of the electricity.

While the dispute will be handled by FERC's commissioners, based on a report by Judge Curtis Wagner, who presided over two weeks of negotiations that failed to reach a settlement in early July, not much can be expected in the way of further negotiations until summer's peak demand period has passed, according to Jim Donnell, president and chief executive officer of Duke Energy North America, Duke's merchant energy subsidiary.

"We'd love to be engaged in active dialogue around reaching a real resolution of the problems, but it's not easy to get everybody engaged," Donnell said while attending the Rocky Mountain NaturalGas Strategy Conference sponsored by the Colorado Oil and Gas Association. "While I'd like to believe that settlement is on everybody's agenda. I don't know that to be the case," he added.

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