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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

Shareholders File Suit Against El Paso Electric

LCG, January 21, 2003-A lawsuit was filed in U.S. District Court for the Western District of Texas against El Paso Electric regarding alleged violation of federal laws.

The lawsuit, on behalf of shareholders and filed by a shareholder owning 100 common shares, addresses allegations that El Paso Electric Company did not comply with federal securities laws.

El Paso Electric is not related to the El Paso Corporation, a large energy and natural gas pipeline company also undergoing legal scrutiny.

The Form 8-K was filed today with the Securities and Exchange Commission. The lawsuit comes as the Federal Energy Regulatory Commission is investigating improper behavior in the Western electricity market.

Little information is available regarding the suit, but El Paso Electric denies any wrongdoing.

El Paso Electric distributes and generates electricity in West Texas and New Mexico. The company serves over 300,000 customers.

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