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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

Rate Increases Since '90 Greatest in Nevada

LCG, Sept. 10, 2003--Californians and New Yorkers can still lay claim to paying the highest rates for electric power, but those rates have not risen as fast since 1990 as those in Nevada, according to the U.S. Energy Information Administration (EIA), the statistical arm of the Department of Energy.

The average increase across Nevada-based investor-owned and municipal utilities and cooperatives taken into consideration was 60%. The average family in the Las Vegas area, served by Nevada Power Co., pays $107.88, up from $62.75, and has experienced a 74% increase. Nevada Power obtains 60% of its requirements for power from other suppliers at peak-demand hours, said the executive vice president of Nevada Power's owner, Sierra Pacific Resources, Michael Yackira. Rates for all state residents are about 30% less than those paid by California residents.

In neighboring Arizona, rates actually fell, by 11.8%, to an average residential rate of 7.91 cents per kilowatt-hour.

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