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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

Fitchburg G&E Asks Massachusetts for Rate Hike

LCG, May 29, 2001--Fitchburg Gas & Electric Light Co. subsidiary has asked Massachusetts regulators for authority to increase electric rates to compensate for higher purchased power costs, the utility's parent holding company said Friday.

FG&E asked the Massachusetts Department of Energy and Telecommunications for permission to increase its standard offer service rates. Standard offer service is provided to customers who have not switched to a competitive service provider under the state's deregulation scheme.

When Massachusetts deregulated its electric industry, it created standard offer service for customers of record on March 1, 1998 who either could not switch or chose not to. Another form of service, electric default service, was created for customers who moved into a utility's service territory after March 1, 1998, or who had switched and them switched back to FG&E. Default service customers get power at market rates, without a markup being applied by the utility.

Because standard offer service rates have been below market rates, about 80 percent of FG&E customers get that service. The requested rate hike would result in an increase of between 9 and 13 percent, but the new rates would still be less than the market rate, according to utility spokeswoman Stephanye Schuyler.

If the increase is granted, a typical residential customer using 500 kilowatt-hours of electricity per month will see an increase of $6.15, or 9.3 percent. The rate hike would go into effect on July 1.

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