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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

New Round of Enron Indictments Handed Down

LCG, May 2, 2003--The government's investigations of Enron executives has led to the indictment of eight people this week, as well as the wife of Andrew Fastow, the former chief financial officer of the corporation.

A Houston criminal defense attorney, Kent Schaffer, told the Houston Chronicle that if those indicted decide to proceed to trial, rather than cooperating as witnesses against others such as former chairman Kenneth Lay and chief executive Jeffrey Skilling, progress would be slowed substantially. Such trials could involve detailed and highly technical testimony that might be difficult for jurors to follow.

On Thursday, seven defendants appeared in court to plead innoncent. Lea Fastow, Andrew Fastow's wife of 18 years, will be tried apart from the executives, and is charged with conspiracy to commit wire fraud, money laundering, and filing false tax returns, in connection with a special purpose entity concerned with wind farms in California.

In the case of one executive who served at Enron Broadband Services, which the government claims misrepresented its prospects for supplying high-bandwidth data services, lawyers for Joseph Hirko said organizers of a class-action lawsuit on behalf of shareholders had decided not to name him in it. His lawyers asserted that he was being indicted because of over-aggressive prosecutors, not actual evidence.
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