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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

Georgia Power Ordered to Cut Rates by $118 Million

LCG, Dec. 21, 2001--The Georgia Public Service Commission said yesterday it has ordered Georgia power Co., a subsidiary of The Southern Co., to reduce its rates by $118 million per year for the next three years.

Georgia Power had earlier asked the commission for permission to raise its rates by $103 million a year for five years.

The commission said its decision is based on its own revenue forecast for the utility coupled with a return on equity of 12.50 percent. If Georgia power earns anywhere between 10 percent and 12.95 percent on equity, it may not ask for a new rate case, the regulators said.

If the company earns more than 12.95 percent on equity, it must share the extra with its customers -- two-thirds for ratepayers, one-third for the utility.

Georgia Power had sought to make the allowable return range from 11 percent to 13.50 percent.

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