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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

CFTC Investigates Portland General Electric

LCG, June 25, 2002-The U.S. Commodity Futures Trading Commission has asked Oregon utility Portland General Electric Co. for electricity trading documents.

Portland General Electric is one of four companies that face threats from the Federal Energy Regulatory Commission to revoke their trading licenses. FERC contended that the utility did not provide sufficient information regarding its energy trading practices as ordered earlier this year.

PGE admits that four of its trades partially follow the "wash trade" pattern, as defined by FERC.

The utility also asserted that is complying with FERC and the CFTC and will send documents as requested.

PGE is a subsidiary of Enron and was bought by the corporation in 1997 in order to bring Enron into the Pacific Northwest electricity market. The utility serves 736,000 in Oregon.

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