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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

SoCal Edison Proposes Discounts for Struggling Businesses

LCG, Apr. 9, 2004--The California Public utilities Commission received a plan last week put forth by Southern California Edison that would allow the utility to grant discounts to medium-sized businesses that are able to show poor financial health, in order that Edison could retain those businesses as viable customers of the utility.

The plan would provide discounts starting at 25 percent in the first year, and incrementally smaller discounts for each of the next four years, with changes of 5 percent per year. The likely impetus behind Edison's proposal is an interest in deterring its customers from using direct access, which allowed businesses to pursue wholesale deals with competing suppliers until the California energy crisis. Bills have been introduced in the Legislature that would restore the ability of large energy users to make such deals.

PUC Commissioner Loretta Lynch articulated a concern that, if implemented, such discounts as the plan proposes could result in a transfer of costs to smaller, mostly residential users of electricity. Lynch said that efforts should be made to bring lower rates to all customer classes. If industrial customers were to leave Southern California Edison due to direct access, it could also result in higher costs for residential utility customers who remain.
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