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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

Allegheny May Seek Bankruptcy Protection

LCG, June 24, 2003Power and utility company Allegheny Energy said it might seek bankruptcy protection.

The Maryland company noted that several factors have contributed to its decline, including its trading status, the cancellation of projects, and general company performance. As a result, Allegheny is in violation of a public utility law regarding a common equity ratio requirement.

Financial agreements that Allegheny made with other firms require that the company comply with the law, and Allegheny has requested that the Securities and Exchange Commission allow it further financing.

Alleghenys ratio of equity to total capital structure is less that 28 percent.

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