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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

Moody's Cuts Debt Ratings of TXU

LCG, October 15, 2002-Moody's Investor's Service cut the debt rating of TXU Europe.

TXU Corporation announced that it will not give TXU Europe the $700 million lifeline expected, and Moody's downgraded the European company's rating. Yesterday TXU Corporation financially "unlinked" itself from its subsidiary in order to protect its own credit.

The subsidiary neglected to pay $31 million yesterday on one of its power supply agreements for the 4,000-megawatt Drax Power Station, and European officials are worried about securing power supply.

TXU Corp. has announced that TXU Europe will sell off assets, estimated at $5.7 billion, and limit its quarterly dividend by 80 percent, bringing it down to $0.125 per share.

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