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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

Prospect for LNG Deliveries to Florida Improves

LCG, November 23, 2004--El Paso Corporation filed its application with the Federal Energy Regulatory Commission (FERC) last week to build and operate the proposed Seafarer natural gas pipeline, which will transport gas from the proposed High Rock LNG regasification facility in the Bahamas to southern Florida, where forecast gas requirements to fuel planned, new electric generators continues to increase at a rapid pace.

The pipeline project includes an 87-mile, international segment from the proposed regasification facility in the Bahamas to the United States-Bahamas Exclusive Economic Zone boundary in the Atlantic Ocean, together with a 41-mile segment extending on to an intertie with the Florida Gas Transmission pipeline system in Palm Beach County, Florida. El Paso plans for construction on the 26-inch diameter pipeline to begin in 2006 and for the pipeline to be in service by 2008.

Agreements are in place between El Paso and FPL Group Resources affiliates for 800,000 dekatherms/day. At the supply end, an affiliate of FPL Group Resources has entered into an exclusive relationship with RasGas (II), a 70:30 joint venture between Qatar Petroleum and ExxonMobil, with an expectation of completing an LNG sale and purchase agreement for approximately 800,000 dekatherms/day of LNG to be delivered over a 25-year period beginning in mid 2008.

On November 19, it was announced that the Import-Export Bank of the United States agreed to extend a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. in order to build a LNG project in Qatar.

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