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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

Enron Wearies of Delays in India

LCG, Sept. 25, 2001--Enron Corp. sees no early solution to its bitter dispute with the Maharashtra State Electricity Board despite an assurance from Indian Prime Minister Atal Bihari Vajpayee that the federal government of India will step in to resolve the problem, the Economic Times, an Indian business paper, reported this morning.

The company wrote to Vajpayee more than a month ago with an offer to sell its 65-per cent stake in Dabhol Power Co. for $1 billion but the federal government has not responded, Enron India spokesman Jimmy Moghal said yesterday.

"It's been more than a month since we have communicated to government authorities and have yet to receive any response," he said, adding that Enron Chairman Kenneth Lay had written another letter to New Delhi expressing "disappointment" at the lack of progress.

The company wrote to Vajpayee saying a long legal dispute would "raise serious questions about India's image as a safe and reliable destination for foreign investment", Moghal said, noting that earlier this month Vajpayee said the federal government would facilitate a quick solution to Enron's dispute with the MSEB, which was the sole buyer of Dabhol's power.

The Economic Times quoted an Enron statement as saying "Contrary to recent impressions created ... regarding a quick resolution of the Dabhol project, little progress has so far been made with, in fact, no proximity to reaching a fair and reasonable solution."

Another paper, The Times of India, said Lay wrote in his letter to Vajpayee that foreign investors would doubt the sanctity of contracts signed in India. "Any other foreign investor or lender is going to ask himself why his contract is any more likely to be honored than ours has been," it quoted Lay as saying.

Moghal declined comment on the newspaper report.

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