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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

Dynegy Announces New Agreements to Sell Three Generating Assets

LCG, July 14, 2017--Dynegy Inc. (Dynegy) announced Tuesday that it has reached agreement to sell three of its generating plants for approximately $300 million.

Dynegy reached an agreement to sell its Lee Energy Facility, a 625 MW gas-fired peaking plant located in Illinois and operating in the PJM ComEd region to an affiliate of Rockland Capital. Dynegy will receive $180 million in cash and avoid the incremental capital investment necessary to convert the plant to dual fuel status in order to meet PJM capacity performance obligations.

Dynegy also signed a purchase and sales agreement with Starwood Energy Group Global for two assets totaling $119 million. The two intermediate gas-fired plants are located in Dighton and Milford, Massachusetts and operate in ISO-NE. The two plants have a combined electric generating capacity of 310 MW. The 171-MW Milford plant was one of the generating assets acquired from ENGIE?s United States portfolio in February of this year.

The agreement fulfills the mitigation plan approved by the Federal Energy Regulatory Commission (FERC) regarding Dynegy?s purchase of ENGIE?s US-based asset portfolio. In its December 22, 2016 order, FERC found competitive concerns with respect to the capacity markets in the ComEd Locational Delivery Area (LDA) in PJM and the Southeastern New England (SENE) capacity zone in ISO-NE. Dynegy submitted a mitigation plan to address FERC?s concerns that called for an agreement to sell capacity in SENE within six months of closing.

On Monday, Dynegy announced that it had finalized the sale of two other generating facilities to LS Power for $480 million in cash. Combined with the new transactions, a total of approximately $780 million in aggregate sales proceeds will be used by Dynegy primarily for debt reduction.

The assets sold to LS Power are the Armstrong and Troy Energy Facilities, located in Pennsylvania and Ohio respectively. These facilities operate in PJM and are dual-fueled peaking units. These two facilities were also acquired as part of the ENGIE portfolio acquisition.
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