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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 Holds Public Briefing on Standard Market Design

LCG, August 20, 2002-The Federal Energy Regulatory Commission has begun discussing its U.S. standard market design plan with energy industry officials.

The plan was first released July 31, and yesterday saw FERC's first briefing. Additional public briefings will be held in Boise, Idaho on August 22, St. Louis, Missouri on August 28, and Carmel, Indiana on September 19.

According to FERC, the purpose of standardizing the market is to apply uniform market rules to lower costs for consumers, allow infrastructure investment, and prevent discrimination and manipulation in the market.

Proposed measures include mandating twelve percent surplus energy to be available within three years. Also included are a price cap of $1,000 per megawatt hour as well as an allowance of wholesale price caps if manipulation is found to have driven up prices.

According to the FERC plan, regional transmission authorities, or Independent System Operators, would also have advisory units to check for market abuse.

Perhaps the most controversial proposal is the common network tariff, which would be applied to all wholesale and retail electricity transmission. State regulators normally control tariffs and would have to yield this power to the federal commission.

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