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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

Southern Company Withdraws Request for Loan Guarantee for Kemper County Coal Project

LCG, April 5, 2013--Southern Company announced that it has withdrawn its request for a $1.5 billion loan guarantee from the U.S. Department of Energy (DOE) for its Kemper County coal project, which is currently under construction by its subsidiary, Mississippi Power. The company concluded that lower-cost financing could be obtained relative to what it expected from the DOE.

"Mississippi Power has secured financing at a lower rate than our certified projected Department of Energy loan, reducing overall costs to customers," stated a Southern Company spokesperson. Furthermore, the spokesperson stated that Southern's withdrawal of its load request is not related to recent actions of the Mississippi Public Service Commission related to rate increases and paying off project debt prior to commencement of operations.

Plant Ratcliffe, located in Kemper County, Mississippi, is a 582-MW IGCC (Integrated Gasification Combined Cycle) project. In December 2010, Mississippi Power held the ground breaking ceremony for the project, and the estimated cost of the project was then $2.4 billion, and operations were targeted to commence in 2014. The project cost is now estimated to be over $3.2 billion, and there is a May 2014 deadline to start service to retain certain tax incentives.
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