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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

SMUD Announces Budget Plans- No Rate Hike

LCG, November 13, 2002-Sacramento Municipal Utility District(SMUD) announced its budget plans will increase its debt but will not involve retail rate hikes.

SMUD plans to increase its debt in part to pay for new plants. $200 million will go to the construction of a new plant, while $13 million will be put towards wind farm expansion.

Currently SMUD has a debt of $1.8 billion and expects to end the year with a debt of $2.11 billion.

The municipality asserts that it is in very good financial condition and hopes to take in $36 million in excess revenues next year to put into a preexisting emergency fund.

Other issues in its budget include a problematic solar program, which will cost more than previously expected and is forcing the municipality to decide between increasing spending on the solar project or retaining a robust emergency fund. The solar project involves installing 800 kilowatts of solar to some 150 homes and 6 businesses, although SMUD had an initial goal of providing 2,400 KW of new solar power in 2003.

The budget is only in draft form as yet; board members will begin its review this week in Sacramento.

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