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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

Cinergy Board Approves Poison Pill

LCG, July 28, 2000--Cinergy Corp. said yesterday that its directors had adopted a poison pill giving shareholders the right to purchase additional shares 10 days after acquisition by an investor of 10 percent or more of Cinergys common stock or the announcement of a tender offer or exchange offer which would have that result.

The "shareholder rights" plan, as poison pills are called, would impose economic penalties on a hostile acquirer of Cinergy shares.

Cinergy said the rights plan was not adopted in response to any effort to acquire control of the company, noting that more than 2,000 companies have rights plans, including a majority of the Fortune 500 and more than 40 utility companies.

Under Cinergys plan, shareholders will receive one right for each share of stock they own, distributed as a dividend. Each right will entitle the holder to purchase one share of Cinergy common stock at $100 when circumstances trigger the poison pill.

Cinergy common stock was trading on the New York Stock Exchange at 26 at noon today.

The shareholder rights plan would take effect following approval by the Securities and Exchange Commission.

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