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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

Market Manipulation Lawsuit Thrown Out

LCG, January 8, 2003--A U.S. District Court judge dismissed a lawsuit brought by Snohomish County Public Utility District against eight energy companies.

Judge Robert Whaley of the U.S. District Court of Southern California stated that the case brought forth by the Snohomish PUD should be handled by the Federal Energy Regulatory Commission because of the potential effects of a ruling in the case.

Snohomish PUD alleges that several companies intentionally worked together to manipulate the electricity market in order to inflate electricity prices. Those companies named in the suit are Reliant Resources, Inc., PG&E Energy Trading, Duke Energy Corp., Sempra, Mirant Corp., Powerex, Xcel Energy, Inc., and Williams Cos.

Judge Whaley decided that FERC should be responsible for the lawsuit because the issues involved are under the authority of FERC.

Snohomish PUD intends to appeal the decision with the Ninth Circuit. The utility district is also waiting on complaints that it filed with FERC.

Snohomish PUD is also participating in settlement talks with American Electric Power Company regarding an energy contract.

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