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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 Rulemaking on Intra-Company Communications Criticized

LCG, Apr. 14, 2003--The Federal Energy Regulatory Commission (FERC) has received a joint letter from three large energy trade groups that expresses concerns about a proposed set of standards that would govern the kinds of communications that are allowed between subsidiaries and top corporate executives.

The standards extend to communications by employees in entities not traditionally regulated by the agency, such as transmission schedulers, and those who trade physical gas, electric power or energy derivatives. The FERC's proposal arose about a year and a half ago, and was intended to deter discrimination against non-affiliates of companies that are engaged in different parts of the energy markets. The trade groups that produced the letter are the American Gas Association, the Interstate Natural Gas Association of American and the Edison Electric Institute.

"Under the proposed definition of 'energy affiliate,' communications of transmission information for corporate governance purposes from a transmission provider subsidiary to senior management of the subsidiary's parent would be communications to an 'energy affiliate' that are restricted by the proposed rule," the filing of April 7 stated. They groups noted that while they are in accordance with the non-discriminatory aim of the proposed standards, the restriction on communication would be strongly contradictory to provisions of the Sarbanes-Oxley Act, which was passed in 2002 in response to the emergence of corporate scandals, particularly at Enron. Sarbanes-Oxley requires that the financial status of subsidiaries be fully understood by management.

The letter also requested a technical conference to examine how communications could be less restricted by FERC, with the rulemaking pending under FERC docket RM01-10.
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