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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

SoCal Ed Holds Off Most QF Power Suppliers

LCG, Aug. 6, 2001--Cash-strapped Southern California Edison Co. said Friday that it had reached settlements with most of the "qualifying facility" power producers that had sued it for non-payment, holding off for now the possibility that a group of them might force the utility into involuntary bankruptcy.

SoCal Ed said it had agreements in place with more than 100 QFs as well as with three of four larger generators, and was close to agreement with the fourth.

" With those settlements, we should have standstills with the vast majority of QFs that we've been in litigation with," said SoCal Ed senior counsel Russ Swartz. By "standstills," he meant that the parties had agreed to refrain from pursuing certain actions -- in this case lawsuits.

Ted Craver, chief financial officer for SoCal Ed's parent Edison International Inc., said the utility remains in "active discussions" with California legislators and Gov. Gray Davis on the deal negotiated by the governor for the state to buy its transmission system, despite the probability that nothing will be done until after the August 15 deadline agreed to by Davis and SoCal Ed in April.

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