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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

Puget Energy Seeks 14.5 Percent Rate Hike

LCG, Nov. 28, 2001--Puget Sound Energy Co., the utility subsidiary of Puget Energy Corp., has asked Washington state regulators for a rate increase for both natural gas and electricity and for permission to offer variable rates that would permit the company to pass along to customers any changes in the wholesale cost of energy.

The utility, which serves nearly a million customers around -- but not in -- Seattle, is seeking a 14.5 percent electricity rate increase that would boost the average householder's monthly bill by about $9. Residential gas bills would increase by another $2 per month.

The Washington state consumer advocate greeted the request with dismay. "We think it's a shocking blow for ratepayers and small businesses that are already facing recession and high employment," said Simon ffitch (that is correct), power counsel in the state Attorney General's Office.

The proposed gas and electricity rate hikes are part of a general rate case which will be reviewed by the Washington Utilities and Transportation Commission in a process that could take up to a year.

That is not fast enough to stop the bleeding, the company said, announcing it would file an interim rate increase request with the commission, seeking to recover losses of $625,000 per day from September of this year through September 2002.

Even with the increases, which would be the first in more than five years, Puget Sound Energy customers will be better off than their neighbors, the company said. Customers of Seattle's municipal utility will be paying almost 50 percent more for electricity than they did a year ago, and those of Tacoma's electric department will be paying more than a third more.

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