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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

Exelon Buys 2 Texas Power Plants from TXU

LCG, Dec. 20, 2001--Exelon Corp. and TXU Corp. announced jointly this morning that TXU will sell two large natural gas-fueled power plants in the Dallas-Fort Worth area to Exelon Generation for $443 million. Combined capacity of the plants is 2,334 megawatts.

"This transaction is yet a further example of the execution of TXU's portfolio management business model," said Brian Dickie, North American president of TXU Energy. "It decreases our size in the Texas generation market, reduces debt and positions TXU for further growth in other U.S. markets. It is also good for Texas customers as it retains reliability and promotes competition."

The two plants are the 893 megawatt, five-unit Mountain Creek station in Dallas and the 1,441 megawatt, five-unit plant in Fort Worth.

"These plants represent a good fit with Exelon's plan to grow its portfolio of generation assets and to use them to position Exelon as one of the nation's top tier energy suppliers," said Christine Jacobs, president of Exelon Power. "The plants are situated in a region of large and ever- increasing demand. The transaction is immediately accretive to earnings and triples the amount of our generation in the region, allowing us to become a more effective competitor."

Both companies said the labor forces at the two plants will be undisturbed for at least two years.

"It is clear that these plants are valuable and their staffs are well- trained and professional," Exelon's Jacobs said. "They will make a welcome addition to our operation."

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