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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

India's Tata in Talks to Buy Enron's Dabhol Power

LCG, Oct. 15, 2001--India's Tata conglomerate has held "exploratory" talks to take over from Enron Corp. its 65 percent stake in the $2.9 billion, 2,184 megawatt Dabhol power plant in the Indian state of Maharashtra, the Financial Times reported yesterday.

Enron, weary of the difficulty in getting paid for power produced by Dabhol and by constant bickering with the Maharashtra State Electricity Board, its only customer, over terms of a contract signed in the mid-1990s, said in July that it wanted out of India and would accept about $1 billion for its interest in Dabhol.

Tate Power has notified the Indian government expressing interest in Dabhol, which it said would require the removal of significant roadblocks. Among these would be a renegotiation of Dabhol's tariffs and a reduction in the interest rates on Dabhol's debt.

Tata Power is talking about paying Enron about 80 cents on the dollar for its investment in Dabhol, a figure that may not be palatable to the Texas-based company.

Spokesman John Ambler said Enron continued to believe the best and quickest way to solve the problem would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.

The Dabhol Power project is India's largest foreign investment, even though Indian lenders provided $1.4 billion in financing for the plant. About $630 million was provided by foreign institutions.

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