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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

PPL Cancels Six Power Projects

LCG, Jan. 7, 2002--Utility holding company PPL Corp said on Friday that it will cancel six new power plants in Pennsylvania and Washington state, representing in the aggregate $1.3 billion worth of projects.

On Friday, EnergyOnline Daily News reported that Mirant Corp., Dynegy Inc., El Paso Corp. and possibly Calpine Corp. were also making significant cutbacks in previously announced projects.

PPL, like the others, cited falling wholesale power prices as the main reason for the cancellations. The companies also said they want to put some meat on their balance sheets in the wake of the collapse of energy trader Enron Corp.

PPL chief executive William Hecht said current market prices and regulatory conditions did not justify PPL's pursuit of the six projects that were in the early stages of development. He pointed to actions by power pools, independent system operators and the Federal Energy Regulatory Commission as having dampened power prices as well as adding uncertainty to the future.

PPL said it would remain on course in the development of $1.5 billion in other power plant projects over the next two years.

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