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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

CA Market Post-Memo Investigations Intensify

LCG, May 8, 2002-After yesterday's Enron memo release, regulators and legislators have stepped up efforts to find out exactly what happened to California's energy market in 2000 and 2001.

Yesterday, Federal Energy Regulatory Commission (FERC) released Enron memos linking the California energy crisis of 2000/2001 to intentional market manipulation, including phony congestion and the bypassing of state price caps by selling electricity out of state.

FERC strengthened its efforts, ordering all electricity traders to keep and preserve any existing records relevant to strategy in 2000/2001.

The White House asserted its support of "vigorous" investigation to protect consumers, although specific comment relating to the documents in question was avoided. Previously, during the energy crisis, President Bush and Vice President Dick Cheney refused to help California because the state's problems were, according to them, related to limited supply and not deserving of price caps.

Additionally, the U.S. Securities and Exchange Commission has formalized its investigation of Dynegy Inc., which is involved with deregulated electricity and was a rival to Enron. The company, which posted a $140 million net loss for the first quarter, has agreed to cooperate with securities regulators in their investigation. Dynegy backed out of a $9 billion Enron acquisition last November and has been facing shareholder lawsuits and plummeting stock prices.

U.S. Senator Dianne Feinstein has requested the U.S. Attorney General John Ashcroft to initiate a criminal investigation regarding the released memos.

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