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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

J.P. Morgan Acknowledges Round-Trip Trading with Enron

LCG, December 4, 2002-A lawyer for J.P. Morgan Chase has disclosed the company's involvement in circular trades with Enron Corp.

J.P. Morgan Chase is currently in court, attempting to recover $1 billion in surety bond coverage from 11 insurance companies who guaranteed contracts between Enron and J.P. Morgan.

The insurance firms assert that they were not aware of the type of deals at the time and now say the trading added up to loans to Enron, not the sale of gas or oil.

J.P. Morgan had, via another unit named Mahonia, bought oil and gas for $1.9 billion from Enron. Mahonia could then sell the oil and gas back to any company, including Enron.

The insurance firms' lead attorney showed deals yesterday involving Mahonia buying and Chase selling the same oil from and to Enron on the same day in the same transaction. These deals would result in only money changing hands, but not any commodities whatsoever.

J.P. Morgan Chase's attorney said at the questioning of Judge Jed Rakoff, that the trades were circular. While J.P. Morgan Chase admits knowing the nature of the trades, the company still contends that the deals were not loans.

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