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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

Some Creditors Allowed Second Vote on PG&E Bankruptcy Plan

LCG, Sep. 23, 2002--Following a vote tally on competing bankruptcy reorganization plans for Pacific Gas & Electric, U.S. Bankruptcy Judge Dennis Montali will allow some rank-and-file creditors to re-cast their votes.

While the recent vote was found to be in favor of the utility's plan, a revised version of a plan developed by the California Public Utilities Commission was supported by the official creditors' committee. Montali has agreed to allow a re-vote in some cases, but has not yet determined which creditors will be permitted to cast new ballots.

The method by which the voting would take place, or at what date, was not announced. Meanwhile, a trial to determine the legality and practicality of each plan will go ahead beginning on Nov. 12.
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