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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

FERC Releases Market Plan

LCG, August 5, 2002-The Federal Energy Regulatory Commission released its far-reaching, nationally uniform plan to reorganize the wholesale electricity market.

FERC's 600-page document, detailing its Standard Market Design, will await public comment for 75 days.

The plan instates more rules governing the U.S. deregulated electricity industry. It is centered on the implementation of homogeneous rules applied to the whole country and seeks to apply successful deregulated market practices found in world markets into its own regulations.

While the plan refers to effective deregulation in Mid-Atlantic states and New York, some regulators in Western States feel that deregulation failed in their areas and that increased federal control of the market will only amount to further woe.

New rules include charging purchasers for creating congestion in transmission, a cost previously absorbed by utility customers.

The plan also attacks congestion by providing for better allocation of transmission resources, such as location of lines, plants, and substations.

Court decisions made this year have verified FERC's authority in taking more control of the market. Other government agencies found FERC to be ineffective in its market control.
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