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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 Rewrites Contracts with Williams Cos.

LCG, November 12, 2002-California officials and energy company Williams Cos. reached a settlement yesterday, yielding the state $417 million.

In 2000 and 2001, Californian energy purchasers signed $43 billion in long-term energy contracts, estimated to be roughly twice the price necessary.

California Attorney General Bill Lockyer brought lawsuits against several energy companies earlier this year, alleging contract prices were unfairly high.

Williams Cos. agreed to pay California $417 million, which includes renegotiating its 10-year contract with the state by $180 million. The deal also includes yielding the state six turbines, worth $90 million, putting $150 million to energy efficiency, and giving $80 million to projects for solar energy in California schools. $147 million will go to state agencies over eight years. Reports on the allotment of funds are unclear as to how all these projects' costs add up to $417 million, but Lockyer has said that the net effect could be as large as $1.4 billion.

As part of the settlement, Williams Cos. will also pay Oregon and Washington each $15 million over three years.

While the $417 million is being touted as a major victory for the state, some Californians may wonder from where the remaining $21.6 billion in alleged overcharging will come.

The settlement still faces court and regulatory approval.

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