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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

Western Electricity Investigation to Conclude by February

LCG, September 5, 2002-The Federal Energy Regulatory Commission has announced it expects to finish its inquiry into the energy crisis of 2000/2001 by February 2003.

At a Lehman Brothers conference yesterday, FERC Chairman Patrick Wood asserted that evidence gathering would ideally be completed by the end of December and definitely by February of next year. Companies found innocent of market manipulation will be publicly cleared as part of an effort to restore investor trust. A final report on the investigation will aim to give direction to a new and, it is hoped, financially sound, wholesale electricity market.

Wood touched upon other topics at the conference as well, including the establishing of FERC's standard market design and the creation of new liquified natural gas pipelines from northern areas like Alaska.

He admitted that FERC did not do its part to prevent the crisis, but he was positive about FERC's ability to create a market resistant to a repeat performance of that which occurred last year.

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