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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

FirstEnergy Seeks Progressively Higher Rates

LCG, Feb. 6, 2004--FirstEnergy has outlined a long-term rate structure proposal that raises the possibility of increases of as much 50 percent over three years.

Uncertainty about the rates would come from FirstEnergy's request that it be able to defer some rate increases until further into the future. According to the plan, charges that serve to "improve reliability of service" would be justified. A "Rate Stabilization Charge" would cover the possibility of spending in order to attract customers who may have switched to another supplier.

The Ohio Consumers' Counsel (OCC) has said that current charges should cover expenditures for reliable service, and that additional charges on these grounds are not justified. The implementation, modification or rejection of various elements of FirstEnergy's plan will be decided by the Public Utilities Commission of Ohio.
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