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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

FERC Tells Grid Operators to Settle Differences

LCG, January 7, 2003-The Federal Energy Regulatory Commission has advised the Midwest ISO and PJM Interconnection to resolve issues of transmission rates between grid areas.

Customers of the Midwest Independent System Operator and PJM Interconnection LLC face charges when moving electricity from one transmission system to the other.

FERC has urged the transmission operators to come to some type of settlement regarding these rates, and FERC Chairman Pat Wood has suggested that a cost-of-service formula could be used to determine rates. The two operators plan to form a single large grid by October of next year, serving over 20 states and some of Canada.

Last month a FERC Administrative Law judge threw out rate-related testimony submitted by various power industry agencies in regards to the transmission operators. DTE Energy Co., Detroit Edison, Wisconsin Public Power Inc., Indiana Municipal Power Agency, Southeast Michigan Systems, and International Transmission Co. submitted evidence.

FERC officials reinstated some of that evidence yesterday, part of which addressed claims that those controlling transmission overcharged in order to make up for lost revenue.

If Midwest ISO and PJM fail to come to some agreement with customers, a FERC judge will rule by Febraury 28 on the case.

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