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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

AEP Shareholder Resolution Emphasizes Risk in Emissions

LCG, Apr. 23, 2003--An AEP shareholder resolution seeking stronger actions by the company to detail measures it is taking to reduce its emissions and assess the possible effects of emissions regulation on its profitability received notable institutional support, with 26.9% of shares voted in favor today.

The resolution was recommended by Institutional Shareholder Services Inc. (ISS), which provides advice to management of pension and mutual funds. Connecticut's pension fund and Christian Brother Investment Services Inc. filed the resolution, expressing the opinion that business risks from emissions need to receive exposure due to the evolution of policy on greenhouse gases. AEP executives responded by saying that profitability could be hurt by further emissions-related investment, and that the company is distinguished by having pursued emission reduction more strongly than its competitors.

A spokesman for AEP, which produces approximately 70% of its electric power from coal, told The Wall Street Journal after the vote, "It looks as if many of them followed the ISS proposal." ISS supported a resolution advocating more focus on renewable energy by ExxonMobil last year which received 20% of the vote. It has also opposed similar measures in the case of Weyerhaeuser Co., a maker of forest products, and for PG&E Corp.
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