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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

Southwest Power Pool Sets Wind Penetration Record of 62.13 Percent

LCG, April 4, 2018--Southwest Power Pool (SPP) achieved a record wind penetration and record renewable penetration levels in the early morning on March 31. According to SPP, the wind generation was approximately 14.5 GW, or 62.13 percent, at 1:54 a.m. Combined with nuclear output, the renewable generation resources contributed to about 64.7% of the total load.

With the record setting wind generation, the five-minute SPP North Hub real-time locational marginal prices (LMP) fell to about $2.25/MWh at 1:55 a.m. in the real-time market, while SPP South Hub LMP dropped to negative $10/MWh.

The all-time high wind generation record was set at 15,690 MW in December, serving 51 percent of total load at that time.

The prior wind record was set on March 17, when wind penetration hit as high as 60.56 percent of the total load in the early morning hours. SPP also set a wind penetration record of 58.1 percent earlier in March.


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