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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

New Jersey Okays First Energy Takeover of GPU

LCG, Sept. 27, 2001--The New Jersey Board of Public Utilities yesterday approved First Energy Corp's. proposed $4.5 billion acquisition of GPU Inc., a GPU official said.

Ned Raynolds, a spokesman for GPU, said the New Jersey regulators voted 2-1 in favor of the merger, which will create an electric distribution and transmission utility stretching from Toledo, Ohio to the Jersey shore.

Yesterday's vote was taken on a settlement the two companies reached last month with New Jersey officials and electricity customers dealing with financial technical matters surrounding the merger.

The merger is expected to result in about 1,250 job cuts, mostly in GPU's Pennsylvania service territory. About 300 jobs in New Jersey may ultimately be lost.

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