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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

Biomass Power Plant in California Begins Operation

LCG, June 18, 2001A financial subsidiary of natural gas giant El Paso Corp. said this morning that a biomass-fueled power plant near Fresno, Calif., for which it provided funding has begun commercial operation two weeks ahead of schedule and is pumping 25 megawatts of electricity into the energy-starved California wholesale power market.

EP Power Finance provided funding to Madera Power, a subsidiary of Energy Products of Idaho,enabling the company to acquire and refurbish the previously dormant power plant. The facility uses biomass materials that typically include grape by-products, wood chips, and tree trimmings that would otherwise be disposed of in local landfills or burned in open fields.

"We have been pleased to work with EP Power Finance to help provide additional electricity to theCalifornia grid while using an innovative renewable energy source," said Leroy Pope, generalmanager of Energy Products of Idaho. "This partnership has enabled our company to pursue thisviable opportunity to revive a quiescent project to help meet local energy demands."

Power generated by the Madera plant is being sold into the wholesale merchant market. The project attracted considerable interest due to the rapid start-up date, and the company is still in the process of negotiating long-term contracts with a number of potential customers.

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