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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 May Raise Energy Market Admin Fees

LCG, August 21, 2002-Ercot may raise wholesale power market fees by as much as 90 percent.

The Electric Reliability Council of Texas is considering increasing the fees applied to market players. The current administration cost is 22 cents per megawatt-hour, but this may be raised between 36 and 90 percent, according to Ercot chief executive Tom Noel.

The revenue from the fee increase would be dispensed to some 100 market improvement endeavors such as improved transparency. The projects will cost an estimated $100 million and would involve a 42 cent per megawatt-hour fee.

October will see more a more serious move to change in the Texas market as the Ercot board will vote on its budget and may also make changes to board seats, possibly adding members from outside of the Texas market.

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