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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

Bills Suggest UK Aid to British Energy

LCG, Jan. 15, 2002--The U.K. government has prepared legislation which would eliminate limits on the amount of government assistance allowed for nuclear operations, and give permission for units or assets of the privatized British Energy to be acquired with public funds.

The opposition Liberal Democrats said that they would not vote for the bills introduced, because the public would end up funding nuclear waste management, at a cost of £3 billion ($4.82 billion). Financial assistance already being provided to the company, which was privatized in 1976, will end on March 9, based on the policy of the European Commission concerning competition.

"The bill introduced today allows us to deal with any eventuality faced by British Energy," the energy minister, Brian Wilson, said. "These are sensible provisions which will continue to protect our priorities of nuclear safety and the security of electricity supplies." The costs and operational problems facing British Energy became much worse when wholesale power prices fell by about 40% last year.

An environmental group, Friends of the Earth, said the government should not bail out the company. Roger Higman said, "It shows yet again that nuclear power is a financial as well as an environmental disaster."

British Energy is now focused on selling Bruce Power, a profitable subsidiary owning nuclear plants in Canada. The sale would provide £300 million ($482 million). £337 million was lost by the entire company in the latter half of the year, it disclosed in December.
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