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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

FERC Decision on CA Long-Term Contracts Due in March

LCG, Jan. 17, 2002--An Administrative Law Judge for the Federal Energy Regulatory Commission, Bobbie McCartney, has sent California's dispute over long-term contracts signed during 2000 and 2001 to three commissioners, and said that re-signing the contracts must be shown to be in the public interest for the state to succeed.

McCartney said that the precedent used to determine the standard came from the "Mobile Sierra" rulings by the Supreme Court in the 1950s. Thus, FERC will decide whether California is able to show that new contracts are in the public interest. "The parties did not retain the right to unilaterally seek changes to their contracts, nor did the parties intend to do so," McCartney's ruling stated.

In some matters before FERC, another criterion is used for assessing the validity of contracts, which must be found "just and reasonable," as defined in the Federal Power Act. The commissioners have promised that they will render a decision by the end of March.
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