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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 Utilities Allowed Rate Increase For Fuel

LCG, Aug. 9, 2002--Texas utilities that were not granted a rate increase by the Texas Public Utility Commission were allowed by a state district judge to include rate increases for fuel purchases.

The PUC had sent the rate case by the utilities to the State Office of Administrative Hearings several weeks ago, and will review the rate case on Sept. 25, as planned. The companies include Reliant Resources and TXU Corp., among others. Injunctive relief is being permitted by Judge John Dietz until the PUC hears the rate case, or seeks an appeal to the injunction.

Fuel price increases of at least 4 percent over a 10-day period are to be justification for rate increases by utilities up to two times per year, according to rules on rates. The PUC had expressed concern about natural gas pricing, while an administrative law judge conclued that rate increases could lead to large profits. Dietz said of the PUC's denial of the increase, "I find this is an arbitrary and capricious exercise of its power."

Energy marketers who wish to compete with the utilities as alternative suppliers may have a better chance of undercutting the utilities' prices, said Chris Reeder, a lawyer representing Green Mountain, AES New Energy and Strategic Energy.
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