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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

BPA Hopes to Avoid Rate Increase

LCG, Dec. 18, 2002--Faced with continued dry hydro conditions, the Bonneville Power Administration's management officials have said that rate increases may be necessary to prevent further deterioration in its financial reserves.

The agency says that while it had hoped to file for rate decreases, those plans are prevented by a shortfall of $1.2 billion forecast through 2006. The economy of the U.S. Northwest has already been adversely affected by rate increases, which increased what users pay by 53 percent in some cases. Adjustment of rates from their peak has left rates approximately 44 percent above their levels prior to the Western energy crisis of 2000-2001.

The level of BPA's cash reserves has dropped, as it spends more than expected to make up for the power not coming from government dams. Cash reserves now stand at $160 million, whereas the normal level would be about $900 million. $800 million worth of depletion has taken place in two years.

Although overall rates are roughly in line with rates around the country, about $30 per megawatt-hour, industries including chemicals, pulp and paper may again have to budget more for power.
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