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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

AEP Unit Planning to Sell Generation Assets

LCG, December 17, 2002-American Electric Power (AEP) unit Central Power and Light (CPL) has filed to sell all of its energy generation assets in order to retain stranded costs.

The company has filed with the Texas Public Utilities Commission, stating its plans to sell off all of $1.9 billion in electricity generating assets in preparation for stranded cost recovery. The company says that the sale will help in determining exactly how much its assets are overvalued in its books as compared to market price. CPL intends to seek stranded cost recovery in 2004.

CPL's assets include 4,241 megawatts of capacity, and shares of AEP have already risen a small amount due to the announcement.

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