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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

SDG;E Asks State to Release Customer Funds

LCG, July 17, 2000--San Diego Gas & Electric Co. on Friday filed a request with theCalifornia Public Utilities Commission to accelerate the return of $100 million in customer money from a CPUC-controlled transition cost balancing account, which the utility would pass on to its customers who have seen their electric costs double since May.

The utility said release of the funds would decrease August and September residential electric bills by $17 a month. This, combined with the checks most SDG&E customers will receive next month, would result in a total of about $500 million being returned to them in August and September which amounts to nearly $300 for the typical residential customer.

The company said that under Fridays proposal, all SDG&E customers would benefit from a bill reduction of about 3.5 cents per kilowatt-hour.

"We continue to be concerned about the impact high energy prices from the California PowerExchange are having on our customers and we are working to mitigate this impact as much aspossible," said Edwin A. Guiles, president of SDG&E. "Our customers need relief and we arehopeful the CPUC will act quickly to accelerate the return of this money to them."

SDG&E is also promoting a so-called "level-pay" program to all customers, which affords the opportunity to even out electricity payments over the year. Customers on the program will see bills this summer that are comparable to those they got last summer, the company said.

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