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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

Ontario Utility Remains in Public Control

LCG, June 13, 2002--Ontario's Premier Ernie Eves yesterday stoped what was to be the largest initial public offering in Canadian history, saying that the sale of a minority stake in the province's utility Hydro One would still be considered.

Political and public opposition to the IPO had grown increasingly untenable for Eves and his Conservative government, with polls indicating 70% of the public being against privatization. The idea of privatizing Hydro One was first supported in December by now-retired Premier Mike Harris. A surprise ruling by the Ontario Superior Court in April found that there was no legal basis for such a sale. Wholesale electricity markets were deregulated in Ontario in May.

Eves maintained that he will still consider the privatization of up to 49 percent of the utility, saying "We still believe that there are ways to bring private-sector discipline to the corporation." Following the resignations of each of 12 board members last week after Eves announced an impending review of their salaries, the new board is made up of a broad spectrum of political leaders.
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