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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

Minnesota Power Announces 225 Megawatt Cogen

LCG, Aug. 16, 2001--Minnesota Power & Light Co. said this morning it and Blandin Paper Co. are planning a 225 megawatt cogeneration plant adjacent to Blandin Paper in Grand Rapids, Minn.

Minnesota Power said its subsidiary Rainy River Energy Corp. will own 71.5 percent of a new company, Rapids Power LLC, and Blandin Paper Co. will own 28.5 percent. The project is expected to cost more than $200 million.

Although Minnesota power used the phrase "state-of-the-art" freely in its news release, the plant will burn about 40 percent wood chips and 60 percent coal. It will meet all of the paper company's steam requirements and sell power into the regional wholesale market.

Blandin, a leading producer of lightweight coated stock for magazines and catalogs, uses lots of steam to heat its calenders, big, polished steel rollers which dry the paper web and impart a gloss. The paper company is owned by Helsinki, Finland-based UPM-Kymmene, the largest manufacturer of magazine papers and third-largest paper producer in the world.

"We are very excited about this joint venture arrangement with UPM-Kymmene," said BobEdwards, president of Minnesota Power. "It will benefit both our companies, as well as the state andregion."

Raimo Malkki, a senior vice president of Blandin Paper, said "We are pleased that this newfacility will not only modernize our steam supply, but also help sustain our long-term viability andsuccess."

Permit applications will be filed in September, Minnesota Power said. With timely approvals, construction would begin in the fall of next year with commercial operation beginning in mid-2005.

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