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OG&E and Google Announce Contract for Three Data Centers in Oklahoma

LCG, April 30, 2026--OG&E, the operating subsidiary of OGE Energy Corp., announced today that it will power three new data centers that Google announced in Muskogee and Stillwater, Oklahoma last year. As part of the agreement, Google will also make power generation capacity available from two solar facilities in Stephens and Muskogee Counties that are currently under construction. The data centers and associated Electric Service Agreements are expected to provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.

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Graphic Packaging and NextEra Energy Resources Sign 250-MW Virtual Power Purchase Agreement

LCG, April 29, 2026--Graphic Packaging Holding Company today announced a virtual power purchase agreement (VPPA) with NextEra Energy Resources, LLC. With the VPPA agreement, NextEra Energy Resources plans to build the Selenite Springs Energy Center, a 250-MW solar energy facility in West Texas, and Graphic Packaging will be the sole buyer of the facility's renewable energy attribute certificates. Graphic Packaging, a global provider of sustainable consumer packaging, expects the agreement to cover approximately 43 percent of its 2025 electricity usage in the U.S. and Canada. The agreement will advance Graphic Packaging's commitment to source renewable electricity and reduce its greenhouse gas (GHG) emissions.

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Industry News

Don't Let PG&E, SoCal Ed Earnings Fool You

LCG, Oct. 12, 2000Pacific Gas & Electric Co. and Southern California Edison Co. are expected this month to report significant earnings growth for the third quarter over the same period last year, but the improvement is illusory, most observers agree.

The holding companies for the two utilities should show a sharp increase in earnings. PG&E Corp. is expected to post $0.61 per share, up from $0.50 in the third quarter of 1999, and Edison International Inc. was expected to show a gain fro, $0.74 last year to $0.81.

Those figures do not take into account the amount of money the two operating utilities have been paying for power to serve their electricity customers. The cost of that power has not been passed along to consumers because of a rate freeze imposed by the California electric industry restructuring law. The companies have been carrying the uncollected charges on their books but have not yet charged them against earnings because they still dream of getting paid.

PG&E Corp. said last month its undercollected balance had reached $2.2 billion, while Edison International said it was $1.97 billion in the hole as of August 31. Neither figure includes the month of September. It was hot in California during September, and September is part of the third quarter.

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