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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

Nine Mile Point Sold in Billion-dollar Deal

LCG, Dec. 12, 2000--Constellation Energy Group and Niagara Mohawk Power Corp. said separately this morning that Constellation will purchase Unit 1 and 82 percent of Unit 2 of the Nine Mile Point nuclear power plant in a deal valued at about $1.04 billion.

Niagara Mohawk said the sellers will realize $815 million in cash, $134 million in interest and $88 million in decommissioning savings.

Constellation will get 82 percent of the 1,148 megawatt Nine Mile Point Unit 2 from its owners, Niagara Mohawk, New York State Electric & Gas Co., Rochester Gas & Electric Co. and Central Hudson Gas & Electric Corp. The Long Island Power Authority, an 18 percent owner of Nine Mile 2, elected to hang onto its share of the unit.

Niagara Mohawk is the sole owner of the 609 megawatt Nine Mile Point Unit 1.

The terms of the deal include power purchase agreements under which Constellation will sell 90 percent of the output of the two reactors back to the sellers for about 10 years at an average price of around $35 per megawatt-hour.

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