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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

UK's Centrica Buys Enron's European Energy Retailer

LCG, Dec. 5, 2001--Centrica Plc, Britain's largest natural gas supplier, said yesterday it had agreed to buy Enron Corp.'s European retail arm Enron Direct for 96.4 million ($137.1 million U.S.).

Enron Direct serves about 160,000 commercial customers with long-term contracts stretching out as much as five years.

PriceWaterhouseCoopers, the accounting firm appointed last week as administrator for Enron Europe, agreed to Centrica's offer, which exceeded rival bids by Electricit de France and British utility Innogy.

Mike Alexander, managing director of the British Gas Trading subsidiary, said "This provides an ideal platform for advancing our plans for the commercial market. These long term customers represent an attractive additional market segment for Centrica."

Earlier, EdF seemed to be counting its chickens before they were hatched. Gerard Wolf, director of the French utility's chairman's office, had said "Enron Direct would fit well with our London Electricity business."

There remains a possibility that EdF could bid for Enron's 1,875 megawatt natural gas-fueled Teesside power plant in England. "We need to be more balanced in the UK. We need more generation," Wolf said.

Most of Enron Direct's business is in the UK, but there are small Spanish and Dutch units, Enron Directo and Enron Direkt.

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