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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

California Supply Situation Could Deteriorate Quickly

LCG, Apr. 9, 2003--Testimony by the head of the California Independent System Operator (ISO) and others before a House Government Reform subcommittee Tuesday indicated that while California's power supply appears adequate for the approaching summer, uncertainty still looms, and could be exacerbated by better economic conditions.

Terry Winter said that if the economy does not accelerate quickly, supply might be sufficient to guard against shortages until 2006 and 2007. Nonethless, given the possibility that Silicon Valley's economy will pick up by next year, Winter said he had "considerable concerns." Another witness, George Fraser of the Northern California Power Agency, noted that changes proposed by the ISO to remake California's power market structure were advancing towards implementation slowly, and did not have provisions for encouraging new transmission investment.

Legislation was to be announced today by members of the state legislature, including Senate President Pro Tem John Burton, D-San Francisco, that would dismantle key features of AB 1890, and undo the state's "failed experiment with energy deregulation." Besides the risks posed by reluctance to invest in new generation and transmission, California's supply situation is affected by runoff for hydro. If dry conditions were to suppress power generation from that source, the subcommittee Chairman Doug Ose, R-Sacramento noted, "we could be getting into trouble in 2005, 2004 with bad weather."

The Federal Energy Regulatory Commission's chairman, Pat Wood III, said that not just wholesale but retail changes in regulations, and price-responsive conservation from businesses and consumers, would be needed while investment improves the excess of supply relative to demand.
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