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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

New York Faces California-like Power Crunch

LCG, March 15, 2001--The New York Independent System Operator said yesterday that 8,600 megawatts of new power plant capacity must be constructed in the Empire State by 2005 or the state will face the same kinds of problems that have disrupted California's electricity industry.

The new generation would be a 25 percent increase over what currently exists, and about half of it would need to be built in the New York City area. Without the new generation, New Yorkers will face higher power prices and the possibility of blackouts.

"We really are at a crossroads with respect to reliability of the system and the viability of the wholesale market," said William Muesler, New York ISO chief executive. From 1995 to 2000, statewide demand rose by 2,700 megawatts, while less than 1,000 megawatts of new generation was added.

Like California, New York imports much of its power from neighboring states, and that resource is dwindling as those states experience growth. Also, between a third and half of the power consumed in New York is purchased on the spot market through its daily or day-ahead auctions. That's not as bad as California, where the electric restructuring law required all power to be bought and sold on the spot market, but it exposes New York to the effects of short-term supply and demand.

A spokesman for Consolidated Edison Co. of New York said the company agrees with the ISO's assessment. "Supplies are tight. We're hoping we'll be okay this summer, but we're in trouble next summer if nothing gets built."

A program to build 10 small combustion turbine plants in New York City is meeting with neighborhood opposition.

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