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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

Senate Rejects Energy Regulation

LCG, April 15, 2002On Wednesday the U.S. Senate refused attempts to regulate the derivatives market as part of the larger, pending energy bill.

Democratic Senators Dianne Feinstein, CA, Maria Cantwell, WA, and Ron Wyden, OR, proposed the amendment, which was to allow for more transparency in otherwise secret energy trading.

The failed amendment, originally spurred by the Enron scandal, requires market players to disclose derivatives trading information in the hope that manipulation of the energy market, as well as unreasonable rate spikes, might be prevented. The three Senators believe that there is a connection between Enron and the unregulated over-the-counter energy market.

Federal Energy Regulatory Commission (FERC) Chairmen Pat Wood and several organizations within the energy industry such as the American Public Power Association, supported the amendment.

However, the opposition, headed by Republican Senator Phil Gramm of Texas, managed to squash it with the argument that Enrons failure was caused by fraud and that the proposed legislation would be detrimental to the over-the-counter derivatives market. Others in the industry suggested that trading might go offshore.

According to the Oregonian, FERC began investigating possible manipulation after an analyst notified them of a 30 percent drop in prices after Enrons December bankruptcy.

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