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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 ISO Details Energy Producer Fines

LCG, July 9, 2002--The California Independent System Operator, which manages the state power grid, released details last week of fines it had assessed and payments that were witthheld for failure by power producers and utilities to deliver services.

The penalties, totaling over $250 million, date from the period June 1999 through June 2001, and were released now based on a request made by the Dow Jones News Service under the California Public Records Act. $122 million in fines were assessed for companies' failure to have reserve power available in the seven months up to June 2001, after their bids to have such power ready had been accepted. $95 million of that amount were assessed against Dynegy Electric Clearinghouse, Reliant Energy Services and Williams energy Services. Twelve specific generators were cited.

An additional $130 million in withheld payments applied to 19 energy providers during the earlier period prior to December 2000. The fines and withheld payments have already occurred, and do not constitute accusations of intent to manipulate the market, only findings by the ISO of companies' failure to deliver power. Dynegy spokesman David Byford said that Dynegy had not fully understood all of the tariffs and rules imposed by the ISO, and that it was not alone in its misunderstanding. "We were working with the ISO to have generation available to the greatest extent possible," he told the San Francisco Chronicle. Paula Hall-Collins, a Williams spokeswoman, said that while her company's generators "never refused to respond to a dispatch order," in some instances, "we were not able to fulfill the entire dispatch."

Total penalties against Pacific Gas and Electric Co., the utility, were nearly $11 million. Enron's wholesale energy marketing unit, which has been shown to have considered how to manipulate the state's energy market, had $991,000 in payments withheld.
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