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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

Russian Takeover Creates One of World’s Largest Oil Companies

LCG, April 22, 2003Yukos will purchase Sibneft, resulting in what will be the fourth largest oil company in the world.

Yukos, the biggest oil company within Russia, will pay $3 billion cash for a 20 percent portion of Sibneft. Yukos has agreed to acquire the remainder of the company at an unspecified date in the future, and the combined companies will be YukosSibneft Oil Company.

Mikhail Khodorkovsky, chief executive and largest shareholder of Yukos, will assume chief executive status in YukosSibneft as well.

YukosSibneft will own a combined total of roughly 19.4 billion barrels of oil and gas equivalent. Oil production is estimated to become 2.3 million barrels per day. The company will also own over 2,500 gas stations.

The companies will complete the merger by the end of the year, although regulatory bodies and shareholders will have some input.

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