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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

Bankruptcy Court Will Hear PG&E Utility Case Nov 18

LCG, September 26, 2002-The bankruptcy court in charge of California utility Pacific Gas & Electric utility's case will begin confirmation hearings November 18.

The utility, a unit of PG&E Corporation, announced bankruptcy last year when price discrepancies between wholesale and retail electricity brought the utility into financial instability.

The California Public Utilities Commission and the utility came up with separate recovery plans for the utility, and creditors to the utility voted on which of the two plans they would support. The PUC's plan involved keeping the utility's assets under California law, whereas the utility's plan involved splitting up assets into several companies, all but one of which would fall outside of the state's control.

The outcome of creditors' voting favored the utility's plan, but because the vote was not 100 percent in favor, the bankruptcy court will hear both plans.

In court today, the PUC requested that the court postpone its confirmation hearing because of a Ninth Circuit Court of Appeals decision regarding an agreement between the PUC and another California utility, Southern California Edison. The Ninth Circuit found that the SCE and PUC settlement was unlawful; their agreement allowed billions of dollars to be recovered from ratepayers by overcollections. The Ninth Circuit's decision threw the legality of certain aspects of the PUC's plan for Pacific Gas & Electric into question.

Pacific Gas & Electric serves 24 million customers in Northern California.

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