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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

California Bill Clarifies Merchant-Utility Interaction

LCG, Apr. 30, 2003--A bill now in the California senate that is sponsored by Sen. Joe Dunn, D-Santa Ana, will likely be modified by amendments that put more emphasis on competitive wholesale power sales, while ending direct access for customers.

Some representatives, such as Sen. Debra Bowen, D-Marina del Rey, the chair of the Senate Energy Committee, have said that SB 888 will deter new private investment. The bill, of which Bowen is a co-author, would encourage long-term contracts rather than the spot market, and prevent the state's major utilities from selling off their remaining power generation.

The Independent Energy Producers Association's spokesman has stated that the SB 888 does not agree with state agencies' current planning for future market operations, and is based on political motivations. While customers who contracted directly with energy sellers would not be allowed to renew their contracts if the bill were to go into law, power consumers such as refineries, which are often served by on-site cogeneration plants, could maintain the arrangements they have.

One amendment states that "direct investment in electric generation plants isn't the exclusive method for electrical corporations to fulfill their obligation to serve retail customers at just and reasonable rates." A vote is anticipated on SB 888 next week, after legislators have considered the amendments.
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