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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

Mirant to Buy TransCanada's Gas Marketing Unit

LCG, Oct. 12, 2001--Atlanta-based power producer Mirant Corp. said yesterday that it has agreed to buy the gas marketing business of TransCanada Pipelines Ltd. for an undisclosed sum. The deal will propel Mirant into the number two slot among north American gas marketers.

Mirant has agreed to acquire TransCanada's trading and marketing business and related natural gas storage and transportation contracts, along with its so-called "netback pool," which markets supply from 550 Canadian producers.

The sale takes TransCanada out of the marketing and trading end of the energy business. The company has sold $3.3 billion in Canadian money ($2.1 billion U.S.) worth of assets over the past two years in order to focus on its pipeline and electric generation businesses in North America.

Mirant said the deal would make it Canada's largest gas marketer in addition to giving it the number two spot in North America.

The companies expect to close the transaction by the end of this year, pending regulatory, producer and customer approvals.

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