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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

Enron India Invokes Maharashtra's Debt Guarantee

LCG, Jan. 30, 2001Enron India, the builder and 65 percent owner of the big Dabhol electric power facility in India's Maharashtra state, has invoked a state guarantee to recover electric bills that have not been paid by the Maharashtra State Electricity Board.

"With monthly bills outstanding for both November and December 2000, Dabhol Power Co. has exercised its rights under the existing documents by drawing upon the Government of Maharashtra's guarantee," Enron India said in a statement.

Just weeks ago, Maharashtra state paid the state electricity board's October bill when Enron threatened to invoke the guarantee. Standing behind the state guarantee is the sovereign guarantee of the Indian federal government. If Enron were to invoke the federal guarantee it could prove an embarrassment for the Indian government at a time when it is attempting to paint India as an attractive venue for foreign investment.

Enron's move underscores difficulties faced by foreign investors dealing with India's state electricity boards. The boards, which are state-owned utilities, are generally corrupt to some degree, fail to collect their own bills from politically strong customers, and allow an average of one-third of the power they purchase to disappear from their transmission systems through theft and gifts to agricultural and other powerful interests.

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