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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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PJM Announces More Than 800 New Generation Projects Seek to Connect the Grid

LCG, April 29, 2026--PJM Interconnection today announced that 811 new generation projects applied to connect to the grid through the first Cycle of PJM's new reformed interconnection process, which is designed to improve the certainty, speed and discipline of generation project review. In total, the generation applications would be capable of generating 220 GW of electricity.

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Industry News

Texas' Top PUC Official, Ex-Exec at Enron, Resigns

LCG, Jan. 18, 2002--Questions concerning the circumstances of Max Yzaguirre's appointment as chairman of the Texas Public Utilities Commission led to his resignation Thursday.

Yzaguirre was appointed to the PUC post by Texas Gov. Rick Perry in June. PUC spokesman Terry Hadley said that Yzaguirre had informed his staff that his resignation is effective as of Friday. The former executive at Enron had moved deregulation of Texas' electricity market forward, based upon the passage in 1999 of deregulation legislation.

Gov. Perry will be running for a full term as governor, having taken office when now-President Bush left for Washington. Criticism has risen over the donation of $25,000 to Perry's campaign by Enron chairman Ken Lay the day following Yzaguirre's appointment. The governor said that the timing of the two events was "totally coincidental."

In his original application to head the PUC, Yzaguirre noted his experience as head of Enron's Mexico operations. During Enron's increasing financial difficulties last year, he included other appointments with various other Enron affiliates in his record, which he said he had not remembered earlier.

Tony Sanchez, a Democratic gubernatorial candidate, said he was not sure that the investigation into the financial impact of Enron's collapse upon Texas would not be affected by Enron executives' contributions of $220,000 to Perry's campaigns dating to 1994.

Spokeswoman for the governor, Kathy Walt, said "the governor maintains that Max Yzaguirre is qualified and was qualified at the time of his appointment to serve on the commmision," and that "he has been a fair and balanced voice.&quopt;
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