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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 ISO Seeks Plan to Attract Imports

LCG, Apr. 12, 2002--A meeting of the California Independent System Operator and Northwest utilities and wholesale power marketers sought yesterday to make further progress on an effective means to solicit bids from power suppliers out-of-state.

The ISO informed the Federal Energy Regulatory Commission this week that imports are less than 1 percent of overall supplies required to meet summer demand, down from 27 to 30 percent. The change is attributed to a February order by the FERC commonly known as "zero dollar bid," because the price received by out-of-state suppliers depends entirely on the market price results determined within California. Northwest utilities and potential exporters in Canada's British Columbia have said that they are unfairly made to accept risk because of the order.

Out-of-state producers do not necessarily have to be able to set the market-clearing price in order to have fair bidding opportunities, the ISO has told FERC. The "zero dollar bid" rule was instituted in order to end "megawatt laundering," the alleged practice of California generators selling to out-of-state traders or generators who could resell the same energy as an import to California at a higher price.
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