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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

FERC Proposes Standard Market Framework

LCG, March 13, 2002--The Federal Energy Regulatory Commission (FERC) presented an outline for nationally standardizing the U.S. energy market.

The Commission will provide a paper on standard market design involving the development of open-access transmission tariff which would fall under the administration of regional transmission organizers (RTO). RTO's will be responsible for preventing generators from influencing prices by withholding power.

After the Supreme Court Decision last week validating FERC's authority over wholesale transmission sales, the commission is in a position to dictate rules for the competitive market, taking control from the hands of state regulators.

FERC plans to instate a method for electricity pricing called Location Marginal Pricing (LMP), an approach used by mid-Atlantic PJM Interconnection LLC which allows those in the market to circumvent price risk from congestion.

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