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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

FERC Finds Entergy Bidding Process Not Competitive

LCG, Mar. 22, 2004--The results of bidding by generators to gain access to utility Entergy Corp.'s transmission system showed undue consideration for affiliates, analysts with the Federal Energy Regulatory Commission testified last week.

Entergy gave 76 percent of network transmission capacity to entities with which it had no corporate ties, and 20 percent to affiliates, according to filings it made with the agency. A spokesman for Entergy told Reuters that an independent analyst oversaw the manner in which bids were awarded. Generators including Calpine Corp., TECO Energy and Tractebel Energy Marketing have asserted that Entergy did not treat all bids fairly.

FERC's James Ballard wrote that Entergy Services Inc., the subsidiary handling the bids, "did not adequately analyze the ... bids with respect to transmission system impacts and their related cost implications." Sabine Joe, the other analyst who testified, said she believe Entergy had "committed affiliate abuse."

The agency began investigating last year, due to questions about affiliate transactions and competition. FERC Judge Brenner will preside at a formal hearing on June 15.
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