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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

California DWR May Void Sempra Contract, It Says

LCG, Apr. 4, 2002--The California Department of Water Resources has said it may void a $7 billion contract with Sempra Energy because Sempra has not built a 300-megawatt power plant.

According to the DWR spokesman Oscar Hidalgo, Sempra had promised to build the Elk Hills power plant near Bakersfield as part of its deal with the state signed last year. The contract sets the price at which DWR buys power at $160 per megawatt-hour, whereas spot prices are now typically at $30.

Sempra has said that it is proceeding with construction on a more efficient plant than was originally planned at Elk Hills as well as new plants in Mexico and Arizona, but that the contract had not included a requirement concerning Elk Hills. The new Elk Hills plant should be operational by next year. For the moment, Sempra intends to buy power on the open market as DWR traders do, and resell it to DWR. Sempra cites the cost of building a plant as being greater than simply buying power.

The DWR's energy traders insist that "commercially reasonable" progress must be made on Elk Hills within 60 days if they are to honor the contract. Traders with the DWR have cancelled a much smaller, $35 million contract with Soledad Energy because of deliveries of only 20 to 30 percent of the 13 megawatts purchased.
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