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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

Oregon Approves Sierra Pacific-Portland General Deal

LCG, Oct. 31, 2000--The Oregon Public Utility Commission yesterday approved the pending acquisition by Sierra Pacific Resources Corp. of Portland General Electric Co. from Enron Corp.

Walter M. Higgins, chief executive of Sierra Pacific, said "PGE is one of the premier electric utilities in the West and this approval moves us one step closer to the merging of our two companies."

Peggy Fowler, chief executive of the Portland-based utility, said "The ultimate winners are our Oregon customers. The agreement assures they can continue to receive the same level of outstanding service that they have come to expect from PGE."

Sierra Pacific said the PUC approval calls for a six-year price freeze for PGE customers and a $95 million credit for Oregon consumers. The "acquisition credit" will be shown on monthly power bills as soon as the transaction is complete and will continue through Sept. 30, 2007.

"We still have additional approvals to obtain, but the PUC approval is a significant step," addedHiggins. "We must still obtain approval from the Federal Energy Regulatory Commission and theSecurities and Exchange Commission. We're working toward that and anticipate closing thetransaction early next year."

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