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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's Natural Gas Prices Lead to Another Lawsuit

LCG, August 2, 2004--San Diego County has filed a lawsuit in San Diego Superior Court against major energy providers charging that the companies created fictitious supply shortages and fraudulently manipulated prices to raise profits and gouge California consumers. The companies identified in the lawsuit are: Dynegy, Encana, Aquila, Reliant Energy, CMS Energy, Coral Energy Resources, and Sempra and its subsidiaries - including San Diego Gas & Electric Company and Southern California Gas Company.

Last month, similar lawsuits related to natural gas price manipulation were filed in San Diego County by San Francisco and Santa Clara counties against the same energy companies. Sempra has stated that the allegations are without merit.

On July 28, Sempra Energy agreed to pay $7.2 million to settle allegations of Enron-like market manipulation during the 2000-2001 electricity crisis. "Under terms of the settlement, Sempra Energy trading has expressly denied the allegations raised by FERC," said Doug Kline, a Sempra spokesman.

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