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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

Britain's Ofgem Says Power Firms Have 'Rigged Market'

LCG, Aug. 13, 2001--The head of Britain's Office of Gas and Electricity Markets has warned that power companies have deliberately manipulated Neta, the new electricity trading market, to keepwholesale prices high, The Independent, an English newspaper, reported yesterday.

Ofgem chief executive Callum McCarthy said that since the new energy trading arrangements were set up in March, he suspected that companies had knowingly abused the market. "There have been some instances where prices have unusually changed, which looks very hard to justify in normal market conditions," he said.

McCarthy's complaint could be a ploy to gain additional clout for his agency. His comments come as the Department of Trade & Industry is due to decide whether to give Ofgem full powers to investigate such abuses, the paper noted.

McCarthy said that price fixing is more difficult under the new trading arrangements that it was under the previous power pool, but he believes companies still withhold generating capacity to influence prices. Without the new powers he is seeking, "the market will be more open to manipulation, and quite simply electricity prices will be higher. Ofgem has an obligation to protect the interests of consumers," he said.

Ofgem previously had included in its business licenses a "good behavior" clause under which companies could be put out of business for suspected abuse of market power. When British Energy Plc and AES Corp. of the U.S. refused to sign such contracts, the matter went to the British Competition Commission, which ruled last year there was no need for the clauses.

McCarthy has been pushing to have the clauses restored, in one form or another, ever since.

The Electricity Association, a trade organization in the UK, said in a letter to the Department of Trade & Industry that it was "strongly opposed" to Ofgem's proposals and that new abuse clauseswould deter new generators from entering the market.

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