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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

Reliant Completes Sale of Brazilian Interests

LCG, Dec. 8, 2000--Reliant Energy Inc. said yesterday that it has completed the sale of its interest in Light Servicos de Eletricidade S.A. to AES Corp. of the U.S. and EdF International S.A., a subsidiary of French utility Electricit de France, for $430 million.

An AES subsidiary purchased about 30 percent of Reliant Energy's shares in Light, while EdF bought the remainder. Light and its subsidiary, Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A., together serve some 7.4 million customers in Rio de Janeiro and Sao Paulo, Brazil.

A consortium including Reliant, AES and EdF purchased a majority interest in Light when the Brazilian government privatized the company in 1996. Reliant's interest in Light, which amounted to about 11.7 percent, is what AES and EdF acquired.

The Light investment represented Reliant Energy's entire interest in Brazil. The sale is part of thecompany's plan, announced a year ago, to divest its Latin American investments, which are primarily regulated energy delivery businesses, in order to focus on its competitive energy services businesses in the U.S. and Western Europe.

Reliant said the sale of its remaining investment in Colombia is expected to close by the end of the year, completing the divestiture of the "vast majority" of the company's Latin American investments.

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