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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

Avista Found Not to Have Manipulated Market

LCG, Feb. 3, 2002--Federal Energy Regulatory Commission staff filed an agreement with the agency Thursday, made with Avista Corp., that is intended to close an investigation into energy trading in which Avista subsidiaries participated in 2000 and 2001.

The filing will be subject to a 30-day period for public comment, supervised by FERC Administrative Law Judge Curtis Wagner, Jr. After the comment period, Wagner may certify the agreement for final approval by FERC commissioners.

The trading at the center of the investigation also included Enron Power Marketing Inc. and Portland General Electric Co. as participants. FERC staff determined that no intentional manipulation of the market was committed by Avista traders working for Avista Utilities or Avista Energy.

FERC made suggestions in the filing as to how Avista can improve its procedures for recording trades in real-time markets, settling trades in dispute, and train its traders, who the agency said should be part a clear chain of command whenever uncertainty exists. It also cited the company's "overall cooperative" engagement and assistance in the investigation.
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