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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

Mirant Writes Off Chile's Edelnor, Seeks Buyer

LCG, Oct. 22, 2001--Mirant Corp. of the United States said on Friday it would write off its entire investment in Chilean power company Empresa Electrica del Norte Grande S.A. (Edelnor), and would seek a buyer for the money-losing company.

The announcement came following decisions by Electroandina, a Chilean utility, and AES Corp. of the U.S. to cancel their bids to acquire control of Edelnor by buying the Chilean company's debt for about a two-thirds discount.

Mirant has said for some time that it would not invest any new money in Edelnor and confirmed Friday that liquidity was a major problem for its Chilean unit.

Mirant also said it could give no assurance that Edelnor would be able to make interest payments due on December 15.

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