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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

Russia Refuses to Lower Energy Prices for WTO

LCG, October 31, 2002-Russia will not allow foreign generators to sell electricity at a price equal to domestically produced electricity, although the country is bidding to join the WTO.

Maxim Medvedkov, chief negotiator for Russia, has said to reporters that Russia need not alter its system of charging higher prices for export electricity in order to facilitate the country's entrance into the World Trade Organization.

Medvedkov is in the last state of negotiating Russia's membership in the WTO and has conceded that Russian energy should become privatized but stands firm on the issue of dual pricing, asserting that Russian per capita energy consumption is twice that of Canada.

Current WTO members disagree with Russia's dual pricing and say it gives Russian exportation of other goods an unfair competitive edge.

U.S. Trade Representative Robert Zoellick has projected that Russia may join the WTO as early as 2004 as long as economic reforms are instituted.

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