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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

Enron's Former Treasurer Under Investigation

LCG, Dec. 30, 2002--The former treasurer for Enron, Ben Glisan Jr., acknowledged in a filing last week in Houston federal court that he is the subject of investigation by the Justice Department, which tried in October to freeze assets in accounts held by Glisan.

Although Glisan is not what is known as a "target" of the investigation, federal prosecutors' labelling of him as a "subject" means in standard terminology used by the Justice Department that his role within Enron may shed light on criminal activity. With his background in accounting, Glisan was one of chief financial officer Andrew Fastow's most senior associates. His filing argued that the attempt to have more than $600,000 worth of assets held in a brokerage and other accounts seized could, if successful, mean that "his right against self-incrimination in the related criminal investigation will be burdened."

According to the Justice Department, the assets were the result of criminal activity, and came from investments in partnerships run by Andrew Fastow which were represented as being independent of Enron. Mr. Glisan had made investments of $5,800 that returned $1 million. Another executive who worked closely with Fastow, Michael Kopper, pleaded guilty in October to conspiracy to defraud Enron and its investors. That plea led to the Justice Department's forfeiture action.

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