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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

Florida Power & Light Seeks Big Rate Boost

LCG, Aug. 25, 2000--Florida Power & Light Co. said this morning it would ask regulators for permission to increase electricity rates to offset the effect of higher prices for oil and natural gas it uses to fuel its power plants.

The company said it had filed preliminary papers with the Florida Public Service Commission demonstrating that power plant fuel would cost it $518 million more in 2000 than originally estimated. Next month, the company will ask the commission for a rate increase to compensate for the increased cost of generation.

If the full amount is granted, residential electric rates could increase by as much as 13 percent, the company said. It added that is would ask the regulators to spread the cost recovery over two years in order to reduce the impact on consumers to about 9 percent.

FPL said the increase, if allowed, will be somewhat mitigated by a refund to customers of between $75 million and $100 million.

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