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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 Buys Half of Avista Oregon Power Project

LCG, Oct. 24, 2001--Mirant Corp. and Avista Corp. announced separately this morning that they had signed a letter of intent for Mirant to acquire a 50 percent interest in a 280 megawatt power project being developed by Avista near Boardman, Ore.

The Coyote Springs 2 power project is currently under construction and is expected to begin commercial operation next summer. The natural gas-fueled, combined-cycle will be connected to the Bonneville Power Administration's transmission system.

Mirant said the reason for its investment was to expand its generation capacity in the pacific northwest, while Avista said the sale was to save money, though precise financial details were not disclosed.

The two companies will share equally in the costs of construction and operation of the plant and will jointly own the project. They also will share equally in the marketing of the plant's output.

Avista said it has already spent about $140 million on the facility, which has an estimated total cost of between $180 million and $190 million. The company is making an effort to reduce capital expenditures by more than $50 million by the end of next year.

The companies said the deal is expected to close by the end of this year.

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