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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

PG&E Utility Cost Recovery Trial to be Held Next Year

LCG, August 19, 2002-California utility Pacific Gas & Electric claims it should be allowed to recover its losses from consumers, and a trial will take place June 9, 2003 to determine whether or not the CPUC kept the utility from operating profitably.

During the electricity crisis of 2000/2001, the utility incurred some $9 billion in undercollections because the California Public Utilities Commission had frozen retail electricity prices to protect consumers. PG&E utility is suing to recover the losses caused by high wholesale rates and low retail rates.

U.S. District Court of San Francisco has found that there is legal basis for the trial and has set a date. The discovery period will take place between November 6 and February 11, and settlements will be allowed before April 18.

The utility is currently in court regarding its emergence from bankruptcy. Friday will see oral arguments heard in Federal court. The utility's bankruptcy plan requires pre-empting state laws, action unacceptable to the state bankruptcy Judge involved; the matter has been taken to Federal court on appeal.

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