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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

FirstEnergy Completes Sale of Hydroelectric Power Stations with a Combined Capacity of 527 MW

LCG, February 13, 2014--FirstEnergy Corp. announced yesterday that it has completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP, for approximately $395 million.? The total capacity of the hydroelectric facilities is 527 MW and represents less than 3 percent of FirstEnergy's generation fleet output. The sale includes the Seneca Pumped-Storage Hydro Plant (451 MW), located in northwestern Pennsylvania.

FirstEnergy announced its interest to sell the plants in May 2013, with the intent to use the sales proceeds to reduce debt. A sales agreement with Harbor Hydro Holdings was reached in August 2013, and FirstEnergy applied for authorization from the Federal Energy Regulatory Commission (FERC) to sell the hydroelectric power stations in September 2013.

The hydroelectric power stations included in this sale are owned by FirstEnergy Generation, LLC, Allegheny Energy Supply Company, LLC and Green Valley Hydro, LLC. The sale includes the following facilities: Seneca Pumped-Storage (451 MW) in Warren, Pennsylvania; Allegheny Lock & Dam 5 (6 MW) in Schenley, Pennsylvania; Allegheny Lock & Dam 6 (7 MW) in Ford City, Pennsylvania; Lake Lynn (52 MW) in Lake Lynn, Pennsylvania; Millville (3 MW) in Millville, West Virginia; Dam 4 (2 MW) in Shepherdstown, West Virginia; Dam 5 (1.2 MW) in Falling Waters, West Virginia; Warren (750 kW) in Front Royal, Virginia; Luray (1.6 MW) in Luray, Virginia; and Shenandoah and Newport (860 kW and 1.4 MW, respectively) in Shenandoah, Virginia.

FirstEnergy subsidiary Allegheny Generating Company continues to own 1,200 MW of the 3,000 MW Bath County Pumped-Storage Hydro facility in Warm Springs, Virginia. In addition, FirstEnergy subsidiary Jersey Central Power & Light (JCP&L) continues to own 200 MW of the 400 MW Yards Creek Pumped-Storage Hydro facility in Blairstown, New Jersey.
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