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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

Common Wholesale Power Market Envisioned Between Midwest-ISO and PJM

LCG, Jan. 22, 2002--In a "Letter of Intent," the Midwest Independent Transmission System Operator, Inc. (MISO) and Pennsylvania-Maryland-Jersey Interconnection outlined plans yesterday to form a unified wholesale market composed of producers and consumers from the two organizations.

The objectives described in the letter were the focus of discussions last week in which officials and representatives of MISO and PJM participated. The territory encompassed by the single market would include all of part of 27 Midwestern and mid-Atlantic states, the District of Columbia and Manitoba, the Canadian province.

Phillip G. Harris, PJM president and chief executive officer, said, "This Letter of Intent reflects PJM and MISO's commitment to develop a single, robust energy market that meets the needs of all customers and stakeholders in the combined region." MISO's president and chief executive officer, James P. Torgerson, said, "working with PJM on a joint and common market design will allow both regions the opportunity to rapidly realize the benefits of a seamless power market."
Among the major objectives outlined in the letter are "the safe and reliable operation of the electric power grid" and the formation of a market "administered by two separate organizations with certain functions undertaken jointly and others undertaken through common processes". Additionally, the market's "information technology network architectural design will be established that will provide for growth, redundancy, security and flexibility for he future."

The two organizations plan to encourage a cooperative design process through the input of a joint committee including stakeholders from both organizations.

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