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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

PG&E Bankruptcy Judge Orders Reorganization Settlement Talks

LCG, Mar. 5, 2003--U.S. Bankruptcy Judge Dennis Montali stated in an order to utility Pacific Gas & Electric and the California Public Utilities Commission that while "the court is quite aware of the philosophical differences that separate (Pacific Gas) from CPUC ," representatives of each party would need to begin settlement talks concerning PG&E's emergence from bankruptcy.

Judge Randall Newsome will discuss prospects for negotiation with PG&E and the CPUC and recommend whether the effort should be pursued. Montali wrote, "While a prior mediation was unsuccessful, there is little to be lost, and potentially much to be gained, by ordering a judicially supervised settlement conference." PG&E will obey the order, according to spokesman Ron Low. The CPUC spokeswoman Sheri Inouye said, "We see this as a very positive development."

One of the most significant issues separating the PG&E and CPUC reorganization plans is how creditors of the utility are to be paid. PG&E wants to issue more equity than it had earlier proposed, up to $700 million worth, but less debt, with the option to issue secured debt. The CPUC plan would use debt and equity as well as higher retail rates, and runs counter to PG&E's plan to shift ownership of company assets to a set of new companies not regulated by the state.
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