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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

State Power Authority Floats California Plan

LCG, Jan. 29, 2002--Attendees of a hearing on California's fledgling Power Authority expressed support for some of its objectives, such as expanding generation options, while not totally embracing the Authority's potential for intervening in the market.

The hearing in Oakland yesterday included senior staff from the Power Authority, including chairman David Freeman, as well as representatives from business, environmental and consumer groups. The plan proposed for comment included issuance of $5 billion worth of bonds which would be used for energy efficiency, demand management, and small, non-fossil-fired generating resources.

Freeman said that his agency's goal was to respond to and interact with what he called a "hybrid system" in the state's energy market. Sean Randolph of the Bay Area Economic Forum, which analyzes growth, business and community issues, commented that "we don't think (the authority) should be in the role of supplanting new investment or spend state money in areas where the market is prepared to step in." He also expressed concern that investors could be deterred by excessive involvement by the power authority in the market, and in particular by the threat of eminent domain.

Other attendees, such as Jill Ratner of the Oakland-based Rose Foundation for Communities and the Environment supported investment in renewable energy sources, whereas most recent development has been in the form of gas-fired power plants. Freeman stated, "we've got too many of our eggs in the natural gas basket for a prudent businessman to be comfortable with." The hearing will be followed by other opportunities for public comment on Power Authority objectives.

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