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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

Judge Lets PG&E Pay Some Creditors

LCG, April 1, 2002-Northern California's bankrupt utility Pacific Gas & Electric was allowed to pay some of its creditors, according to Wednesday's ruling by U.S. Bankruptcy Judge Dennis Montali.

PG&E can now pay back $790 million it owes to eighteen fund managers.

While Judge Montali opposed the repayment at first, he approved the plan because creditors would be allowed to choose by which method PG&E would emerge from bankruptcy.

Meanwhile, creditors have yet to receive ballots on what will be done about the rest of PG&E's reported $12.5 billion debt. Both PG&E and the California Public Utilities Commission have come up with plans to remedy the bankruptcy, and Judge Montali ruled that creditors shall vote later this year on which of the two is best.

Some, such as U.S. Bankruptcy trustee Linda Stanley, think that allowing PG&E to pay down some debt now will sway creditors to vote for the utility's plan rather than the Commission's.

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