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OG&E and Google Announce Contract for Three Data Centers in Oklahoma

LCG, April 30, 2026--OG&E, the operating subsidiary of OGE Energy Corp., announced today that it will power three new data centers that Google announced in Muskogee and Stillwater, Oklahoma last year. As part of the agreement, Google will also make power generation capacity available from two solar facilities in Stephens and Muskogee Counties that are currently under construction. The data centers and associated Electric Service Agreements are expected to provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.

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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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Industry News

PG&E Customers' Rates to Drop

LCG, Feb. 27, 2004--The California Public Utilities Commission voted yesterday to allow rate decreases for the first time since the state's energy crisis prompted steep rate hikes.

The amounts of the decreases for different customer classes were effectively determined with formulae before the vote, during talks concerning PG&E's bankruptcy reorganization plan. The effects will be felt by most customers by April, based on their electricity usage in March. The reduction for the typical residential customer will be 4 percent, while larger businesses could see 15 percent reductions. Rates charged to industrial customers were previously raised more than rates for residential users after price spikes in the wholesale market caused the state to begin buying power on behalf of the state's major utilities.

Commission president Michael Peevey, as well as Commissioners Susan Kennedy and Geoffrey Brown, voted for the reduction, while Carl Wood and Loretta Lynch opposed the decision. Wood and Lynch said that had the vote been postponed, it could have resulted in greater savings for PG&E customers, and possibly larger rate reductions for residential customers.

Part of the reductions being approved are possible because rates collected by PG&E last year exceeded the utility's immediate revenue requirements to provide service. Part of the excess was used to pay down debt when bankruptcy talks resulted in agreement on using the rates for that purpose.

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