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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

Southern Announces PPA with Progress for New Unit

LCG, July 6, 2006--Southern Company announced yesterday that it has executed a long-term purchase power agreement (PPA) with Progress Ventures, the non-regulated subsidiary of Progress Energy. The agreement calls for Southern to provide approximately 621 MW of wholesale electricity to Progress Ventures from 2009 through 2015.

The electricity is to be generated by a new, combined-cycle power unit to be built at Plant Franklin, located in Smiths, Alabama. The existing plant includes two, gas-fired, combined-cycle units. Unit 1 was placed into commercial service in 2002, and Unit 2 began delivering power in 2003. Construction on Unit 3 had been underway but was suspended in August 2004 pending a long-term power purchase agreement. With the new agreement, Unit 3 is now scheduled to commence commercial operations by the fourth quarter of 2008.

Plant Franklin is owned by Southern's unregulated subsidiary, Southern Power, which has cost-based contracts with other Southern affiliates, Alabama Power and Georgia Power, for operations and maintenance services at Southern Power facilities.
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