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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

California Utilities Will Buy Power in 2003

LCG, Oct. 25, 2002--The California Public Utilities Commission (PUC) yesterday mandated that beginning Jan. 1, 2003, Pacific Gas & Electric Co., Southern California Edison, and San Diego Gas & Electric must start buying power for their customers again, and will have access to interest-free credit from the state if necessary.

The Department of Water Resources will exit from its role as buyer of power at the end of this year, although it began buying power through long-term contracts signed during last year's energy crisis. Only a minimal percentage of overall supplies will be purchased by the utilities, which will be assigned the contracts.

The PUC also said that it would move from reviewing decisions made by the utilities after the fact to a new regulatory mode, of going over plans in advance of their execution. The investor-owned utilities have pushed for such treatment in cases in which unforeseen regulatory factors came to light once they had pursued initiatives on their own.

The President of the PUC, Loretta Lynch, said that with the ruling, "the utilities are back in business." It found that the utilities' projected purchases are "well within their ability to finance."
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