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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

Federal Court Says SCE Plan Unlawful

LCG, September 24, 2002-Yesterday, a federal court found that an agreement between the CPUC and Southern California Edison (SCE) violated state law.

The California Public Utilities Commission and SCE have been working together since the California energy crisis in order to prevent the utility from falling into bankruptcy. Last year the two came to a settlement, which was approved in October by a federal district judge. The utility was given permission to use $3.3 billion in overcollections to offset its debts.

The U.S. Court of Appeals for the Ninth Circuit ruled on Monday that the agreement between the regulator and the utility was unlawful.

The Utility Reform Group brought the settlement into question on behalf of consumers, and the case will be heard by the California Supreme Court some months from now.

SCE has stated that its bankruptcy fears have been somewhat assuaged and reportedly has only $1.1 billion remaining to collect from ratepayers.

California's utilities suffered financial difficulty during the energy crisis of 2000/2001 because of discrepancies between the price of wholesale power and the allowed retail price. While Northern Californian utility PG&E declared bankruptcy, Southern California Edison managed to avoid this measure and is currently solvent.

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