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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

PG&E Files Claim Over Regulation of Plants

LCG, Jan. 18, 2002--PG&E yesterday announced it is seeking $4.1 billion it says it has not earned in the marketplace due to a law regulating the rates its remaining plants are allowed to charge.

According to a statement by the company, the deregulation law AB 1890 allowed the utility's plants that were not sold off to receive market rates, subject to federal oversight. Last winter, the legislature passed AB 6X as one of a series of measures meant to deal with the energy crisis. The effect of AB 6X was to prevent the plants from earning market rates, a change from AB 1890 which PG&E characterizes as a breach of contract.

The claim was directed to the state Victim Compensation and Government Claims Board, and seeks to remove nuclear and hydropower facilities from regulatory oversight by the Public Utilities Commission. The Board makes payments to victims of crime out of state funds.

A statement issued by the PUC called the maneuver "a frivolous act of desperation" by "a corporate scofflaw." Gov. Davis' spokesman Steve Maviglio said the claim was "another salvo in PG&E's war against the state's consumers."

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