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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

Arizona Judge Recommends Divestiture Delay

LCG, July 24, 2002-Arizona Corporation Commission Judge Lyn Farmer issued an opinion yesterday recommending delaying the transfer of Arizona utilities' assets to unregulated affiliate companies.

Judge Farmer wrote that the divestiture of assets should wait until at least July 1, 2004. The intervening time would be spent conducting electricity market studies in order to guide the Arizona Corporation Commission in setting mitigation measures preventing negative market impact from the divestiture. Farmer advised that Pinnacle West Capital Corp.'s Arizona Public Service Company and Unisource Energy Corp.'s Tucson Electric Power be required to do such studies.

Farmer's opinion made no mention of the interim divestiture planned by Pinnacle West Energy, which would involve the sale of a few, recently constructed energy assets to Arizona Public Service Company. Three commissioners support the plan, which is meant to assuage Pinnacle West's financial concerns.

Arizona is currently shifting to a competitive energy market, but in light of recent market manipulation practices, the Commission is likely to be more cautious in moving assets out of state hands.

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