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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

Corona City to Take Over Power Assets

LCG, December 3, 2002-After a year and a half of discussion, Corona City's Council has voted unanimously to take control of the distribution of electricity within its city limits.

Corona City, located just south of Los Angeles, has decided to use the power of eminent-domain to buy out distribution inside the city and create its own municipality. Initially inspired by the high prices of electricity during the power crisis of 2000/2001, on November 21 the city offered Southern California Edison, which owns distribution assets right now, $70.2 million for the assets.

Edison did not respond to the offer and will most likely dispute the value of the assets with the city in court.

EES Consulting prepared an independent report that found a 15% rate reduction through 2012 if a municipality was formed.

While Edison has stated that the study's findings are inaccurate, Corona officials have decided to go ahead with the formation of a municipality.

Southern California Edison serves 11 million people in Southern California.

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