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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

Con Edison-Northeast Utilities Merger Appears Dead

With each side accusing the other of having a change of heart, to say nothing of perfidy, it appeared this morning that the planned $3.8 billion takeover of Northeast Utilities by Consolidated Edison Inc. will not take place.

Last week, Northeast gave Con Edison until last Friday to reaffirm its intention to complete the merger. "Do you still love me?" the bride asked at the wedding rehearsal. Con Edison hemmed and hawed so Northeast extended its deadline until yesterday.

Yesterday, Con Edison said Northeast had been making deals behind its back, claiming the company had entered into certain "supply obligations" through its Select Energy unregulated energy and services subsidiary, and those deals jeopardized Northeast's ability to fulfill its obligations under the merger agreement.

Northeast said Con Edison wasn't specific enough, adding that a breach of promise suit was in the works. Michael G. Morris, Northeast chief executive, said "We have instructed our attorneys to take appropriate steps to protect shareholder interests."

The merger agreement was announced in October 1999 and had received approval from shareholders of both companies and all federal and state agencies with oversight responsibility except the Securities and Exchange Commission.

The deal looked a little shaky when Con Edison objected unsuccessfully to conditions imposed by Connecticut regulators and observers felt that the New York utility was looking for a way out. When Connecticut Attorney General Richard Elemental asked a state court to delay the merger until he could get a ruling on his appeal to overturn his state regulators' approval, Con Edison quit talking.

The takeover would have created the nation's largest electric distribution company.

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