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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

California PUC Adopts GHG Emission Performance Standards

LCG, January 26, 2007--The California Public Utilities Commission (PUC) yesterday voted unanimously to adopt an interim Greenhouse Gas (GHG) Emissions Performance Standard in order to reduce emissions believed to cause global warming. The new standard is designed to block California utilities from importing power from coal-fired power plants located out-of-state.

The Emissions Performance Standard was set in motion by the passage last fall of Senate Bill (SB) 1368, which prohibits load-serving entities (investor-owned utilities, energy service providers, and community choice aggregators) from executing new, long-term agreements for baseload generation unless they complies with a GHG emissions performance standard (EPS).

Specifically, the emission level of the baseload generation facility must be no greater than that of a combined cycle gas turbine plant, and that level is established at 1,100 pounds of CO2 per MWH. The long-term agreement refers to (a) new construction, (b) new (or renewal) contracts with a term greater than or equal to five years, or (c) major investments by the utility in its existing baseload power plants.

The PUC's new, interim standard is applicable to Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. It is expected that the California Energy Commission will define an EPS for municipal utilities in California.

Last September, California Governor Arnold Schwarzenegger approved Assembly Bill 32, or the "Global Warming Solutions Act of 2006," which includes a statewide cap on GHG emissions from electric utilities, refineries, and other selected industries. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions. The legislation is scheduled to be implemented in 2012. The PUC's standard adopted yesterday will serve as an interim measure prior to the development and implementation of the rules envisioned in the Global Warming Solutions Act of 2006.
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