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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

Capacity Being Added at Florida's Hines

LCG, Mar. 28, 2002--The second phase of construction at Florida Power's Hines Energy Complex is beginning today, and will add a second gas-fired, combined-cycle plant.

The new plant will have a capacity of 495 megawatts, and is expected to start producing power in November 2003. "We serve a state with one of the highest growth rates in the country," commented Bill Habermeyer, president and CEO of Florida Power, the regulated utility. The original, 482-megawatt plant, Hines 1, started operations in 1999. The Hines Energy Complex is located in Polk County, Fla.

During the approval process of the combined-cycle generating units at Hines by the Florida Public Service Commission in 2000, a staffer suggested that Florida Power be allowed to recoup its capital and operating costs plus a given rate of return for the first five years of the project, rather than over a 30-year period.
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