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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

CPUC Delays Action on Open Access

LCG, Sept. 7, 2001--The California Public Utilities Commission, having earlier deciding not to vote yesterday on how revenues from electricity users would be used to service the state's pending $12.5 billion bond issue, decided yesterday not to tackle another issue seen as vital to marketing the bonds.

The CPUC yesterday delayed repeal of a deregulation law that gives Californians the right to choose their electricity supplier.

Repeal of the so-called "open access" portion of the 1966 restructuring law is seen as necessary to prevent a growing number of large electricity customers from avoiding their share of the cost of repaying the state for power purchases made on behalf of its cash-strapped utilities.

"I think we are being negligent in failing to respond to this threat," said PUC Commissioner Carl Wood. "What we are faced with, with the likelihood of direct access continuing, is that the cost will be dumped on small businesses and consumers."

The CPUC inaction on these issues threatens an October 31 deadline by which the state would like to market the bonds. The state had originally intended to market the bonds in May, and Gov. Gray Davis had "guaranteed" that money from the bonds would repay the state treasury by June 30 for money used to buy power.

The October 31 deadline is important because it is also the deadline when interest on a $4.3 billion bridge loan taken in anticipation of the bond issue jumps from 4.14 percent to 7 percent. The difference could cost the state $270,000 a day in added interest.

The CPUC said it would vote next Thursday on open access, along with a number of other proposals that could affect electricity bills.

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