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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

CA Utility's Deregulation Suit Tentatively Dismissed

LCG, January 9, 2003-Pacific Gas & Electric Company's suit against California regarding price regulation has been tentatively dismissed.

PG&E, the utility and unit of PG&E Corporation, claims that electricity from its nuclear and hydroelectric generating facilities was unfairly subject to regulation by the California Public Utilities Commission in the beginning of 2001.

According to PG&E, California allowed the company's generators to sell electricity at market prices by the passing of AB 1890. During the energy crisis, the state passed AB 6X, which kept the nuclear and hydro power under state price regulation.

PG&E claims that AB 6X is the equivalent of breach of contract, as the company believes AB 1890 functions as a contract. The company asserts it lost $4.1 billion as a result of state controlled prices.

Superior Court Judge Joe Gray found that the initial law did not constitute a contract, although his ruling is only tentative.

The case comes at a time when California is trying to find the source of the spiking electricity prices of 2000 and 2001. Energy suppliers have insisted that limited generating capacity and the high price of natural gas, which fuels many generators in California, forced up the price of electricity that they produced. Therefore, market price for electricity in general was very high. As PG&E's production costs for hydro and nuclear generation were not dependent on the price of natural gas, it could have earned higher returns from the market.

PG&E is slated to emerge from its bankruptcy some time this year, although its legal route to recovery is still being argued in court.

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