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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 Notifies Duke Investigation into Withholding is Closed

LCG, Aug. 1, 2003--Duke Energy Corp. has justified its behavior during the energy crisis of 2000 and 2001 sufficiently for the Federal Energy Regulatory Commission to end further investigation, as it found no "conclusive evidence at this time" that the company intentionally withheld power from the market.

The FERC complied a group of approximately 100 market participants, many of which controlled 60 megawatts of generation or less, which it said had been cleared of having taken capacity out of the market. Duke Energy was owner of about 3,000 megawatts in the Western U.S. during the crisis. The exact period that has been under scrutiny is May 1, 2000, through June 30, 2001. Other large firms that had hundreds or thousands of megawatts at their disposal remain under investigation.
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