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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

California PUC Postpones Rate Decision

LCG, Feb. 9, 2002--The California Public Utilities Commission will delay a decision on charges to be assessed to repay the Department of Water Resources for electricity purchases.

The DWR paid for electricity purchases in the state last year when suppliers would no longer sell to the state's utilities, which experienced wholesale power costs well in excess of what they could charge customers. The commissioner Carl Wood asked that additional time could be allowed to consider an alternative to the proposed plan to assess charges evenly within customer classes in all parts of the state.

This allocation of costs, known as the "postage stamp" method, criticized by San Diego Gas & Electric because the utility had lower rates than Pacific Gas and Electric and Southern California Edison, and required less in the way of state purchases as a result. The company and a group of its customers is advocating that the PUC vote in favor of charges based on the cost to DWR of supplying the different service territories.

The postage stamp method is favored by the Utility Consumer Action Network in San Diego and The Utility Reform Network, based in San Francisco. Mindy Spatt of TURN said, "these aren't typical utility cots because the power was purchased for the benefit of everyone in the entire state."

San Diego Gas & Electric spokesman Ed Van Heric hopes that the PUC's delay, which he called "a cause for optimism," will end with a ruling for cost-based allocation on Feb. 21.
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