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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

SoCal Ed, QFs Reach New Payment Agreement

LCG, Dec. 4, 2001--Southern California Edison Co. said yesterday that it had reached a revised agreement with independent power producers known as "qualifying facilities" for payment of past due bills for wholesale power purchased by the utility to serve its retail customers.

Among the QFs agreeing to the new plan was CalEnergy, operator of a Southern California geothermal complex, which recently brought suit against SoCal Ed. Under the revised plan, that lawsuit will be dropped, SoCal Ed said.

The revised plan amends previous agreements with the QFs to accommodate payment terms incorporated in the utility's October 2 procurement cost settlement with the California Public Utilities Commission.

"We appreciate the large number of (QFs) who have supported our effort to deal fairly and equitably with all creditors and not to single out one group for preferential payments," said SCE chief executive Stephen Frank. "We reaffirm our effort to pay all of our past-due obligations with interest during the first quarter of 2002."

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