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OG&E and Google Announce Contract for Three Data Centers in Oklahoma

LCG, April 30, 2026--OG&E, the operating subsidiary of OGE Energy Corp., announced today that it will power three new data centers that Google announced in Muskogee and Stillwater, Oklahoma last year. As part of the agreement, Google will also make power generation capacity available from two solar facilities in Stephens and Muskogee Counties that are currently under construction. The data centers and associated Electric Service Agreements are expected to provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.

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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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Industry News

TXU to Shutdown 585 MW of Peaking Generation

LCG, January 5, 2005--TXU announced that it will stop operating nine, 65-MW, gas-fired combustion turbines installed at two TXU generating stations in Texas. The turbines are under long-term lease agreements, and TXU will explore opportunities to sublease the turbines to a third party and/or mothball the turbines. TXU expects to complete its analysis of these opportunities during the first quarter of 2005.

Five of the turbines are located at the Permian Basin Steam Electric Station in Ward County, Texas, and the other four are located at the DeCordova Steam Electric Station in Hood County, Texas.

By terminating the operations of the turbines, TXU expects to report a non-cash charge of approximately $156 million ($102 million after-tax) in the fourth quarter of 2004. Beginning in 2005, annual lease expenses for the turbines should drop by approximately $17 million ($11 million after-tax) as a result of the charge. TXU expects to continue to make normal payments under the existing leases and does not anticipate incurring any additional material cash or non-cash charges as a result of the transactions related to the combustion turbines.

Last November, TXU announced similar plans to mothball eight, gas-fired electric generating units with a combined capacity of 2,516 MW. These units are located at Valley, North Lake and Morgan Creek stations. TXU estimated the total annual savings for mothballing the eight units to be approximately $20 million.

TXU also executed an agreement on December 30, 2004 to terminate an existing power purchase and tolling agreement with ExTex LaPorte Limited Partnership that would have expired in 2006. The agreement includes a payment of $172 million and is expected to add flexibility to TXU's wholesale market activities and to reduce its overall cost of energy sold by approximately $22 million in 2005 and 2006.

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