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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

U.S. Supreme Court Will Not Hear CA Contract Case

LCG, June 3, 2002-California lost its appeal over seized electricity contracts on Monday.

California governor Gray Davis California seized Power Exchange (CalPX) forward contracts during the California electricity crisis. A San Francisco lower court ruled that Davis could not seize the contracts, and the U.S. Supreme Court denied his appeal without providing comment.

Governor Davis took control of contracts made during the crisis on behalf of electricity consumers who faced blackouts. Duke Energy Corporation sued Davis last year, saying that the contracts were seized illegally. The 9th U.S. Circuit Court of Appeals ruled 2-1 in favor of Duke in Davis v. Duke Energy Trading and Marketing.

The governor argued that the seizure was acceptable under California's sovereign immunity, whereas Duke Energy argued that it was a violation of the Constitution's Supremacy Clause.

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