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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

Reliant Resources Says Trades Were Fake

LCG, May 14, 2002--The power producer and trader Reliant Resources Inc. (RRI) announced yesterday that it had increased the volume of its electricity trading through artificial transactions with other companies over three years.

The trades, which involved reciprocal sales of energy between Reliant and other parties, such as CMS Energy, in Dearborn, Michigan, may have inflated power prices by creating the appearance of a fluid market. Last year, twenty percent of RRI's trades were said by the company to have been transacted purely to increase the appearance of volume. The reaction to the news by industry analysts and energy companies is such that the practice appears to have been common knowledge. Last week, Dynegy revealed that it had been involved in what it termed "in-and-out" trades with CMS Energy, prompting further losses in Dynegy's stock price.

The trades conducted by both companies could have brought them more trading partners through online trading systems, but according to Thomas J. Erickson, a commissioner with the Commodity Futures Trading Commission, "there's nothing illegal per se. And they're not inherently bad things." Gordon Howard, an analyst with Credit Lyonnais in New York, said, "if a company is long power and power costs $50 a megawatt, and it does a trade for $53, then it increases the price out there. The concern is that you can take it to that next level. Can you take trades like this and make a case that these companies manipulated the market?"

Compared with the daily trading volumes for energy seen one year ago, this year's trade volumes through May 10 are up 40 percent.
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