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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

Texas Employs New Disclosure Measures

LCG, May 28, 2002-The Texas Public Utilities Commission has decided to require more public disclosure in electricity trading and is holding discussions with energy companies.

The PUC is negotiating with energy traders, including American Electric Power, Mirant, Reliant Energy, Constellation Energy Group, and TXU, to recover $29 million that the PUC asserts was lost due to the manipulation of delivery schedules. A memo released Friday discusses the exploitive power schedules of two days last summer that may have resulted in the possible loss of the $29 million in question.

If no resolution is reached, the PUC may investigate market violations and employ sanctions.

The PUC staff has already been ordered to seek sanctions against Enron, which has not taken part in the talks and continues to withhold information.

Enron insists generation information about the two days and details about scheduled energy and energy requirements is confidential, but the PUC believes this information should be released and posted on the Internet.

Companies trading within the domain of the Electric Reliability Council of Texas must give the PUC an affidavit asserting that company regulations are in place preventing gaming and market manipulation.

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