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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

New Jersey BPU Approves Settlement with PSE&G for Solar Investments

LCG, May 31, 2013--The New Jersey Board of Public Utilities (BPU) voted Wednesday to approve a modified settlement agreement with Public Service Electric & Gas (PSE&G) to invest up to $446 million in solar projects over three years.

Under the agreement, PSE&G may spend $247 million on 42 MW of solar generating capacity located on brownfield sites (including landfills), plus 3 MW of smaller projects. In addition, PSE&G would invest up to $199 million on 97.5 MW of new solar generation via a loan system.

The modifications to the settlement include oversight provisions that require PSE&G to: provide the BPU with monthly financial and progress reports; submit within 30 days its criteria for selecting projects and developers; and provide the BPU and ratepayer advocate ten days to review contracts prior to execution.

The New Jersey Division of Rate Counsel had opposed the agreement based upon its belief that there were inadequate safeguards to limit utility spending and that the ten percent return PSE&G would receive was too high.

The investments to develop solar power are also valued as a means to improve reliability in the wake of Hurricane Sandy.
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