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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

Draft Legislation Blocks RTO Requirement

LCG, Nov. 17, 2003--Among the many measures included in the draft energy bill released by Republican lawmakers this weekend is language that makes the formation of regional transmission organizations (RTOs) voluntary, rather than a requirement as the Federal Energy Regulatory Commission has intended.

The opposition to FERC's vision of energy markets would be welcomed by utilities in the Southeast, and is likely to disappoint merchant energy generators, who would not gain the degree of access to the transmission grid that would strengthen their competitive position. Some utilities in the Midwest that support RTO-based markets, such as Exelon Corp., may have to bargain more with other potential members of RTOs to implement more centralized grid management.

A spokeswoman for the Edison Electric Institute was quoted as saying the bill "could help resolve some pretty thorny issues and provide some market certainty." Besides lending no impetus to RTOs, the bill discusses "participant funding," which will limit requirements that utilities fund new transmission infrastructure for project that are not found to be in their customers' interest.
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