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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

Nuclear Plants' Decomissioning Funds Found Low

LCG, Dec. 3, 2003--In a report released by the General Accounting Office, Congress' research arm, 42 nuclear plants were named as not having enough savings designated to pay for decommissioning costs when the plants are ultimately shut down.

Some generating units are already inactive, but owners are waiting for neighboring units at the same plants to be retired before starting clean-up activities. The report stated that savings for some plants is sufficient, while at others, a gap exists that cannot readily be closed by shifting funds.

The Nuclear Regulatory Commission said through a spokesman that it is not as concerned about a problem such as has been identifed by the GAO. A spokesman for the Nuclear Energy Institute, Steve Kerekes, said that with widespread extensions of plant licenses for an additional 20 years, the plants would have sufficient time to come up with the needed funds.

The GAO report authors found that the growth in the value of savings, if it continues, would pay for plants' decommissioning costs. The distribution of funds between various sites and multiple owners, however, indicated uneven progress.

A concern raised by groups who oppose nuclear power is that because some of the buyers of existing nuclear plants are not utilities, and therefore do not have assurance of a stable revenue stream, they may have difficulty handling the liabilities that will come due at the end of plants' operating lives.
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