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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

California ISO Explains Wholesale Market Proposal

LCG, Feb. 6, 2002--Members of California's Senate Energy Committee heard from ISO officials on a wholesale energy market proposal, which is to be submitted to the Federal Energy Regulatory Commission by March.

Lawmakers want new procedures to be in place by the time wholesale price caps end in September. The hearings brought attention to the difficulty ISO has experienced in including all stakeholders in the rule-making process. A former chief operating officer of the ISO, Kellan Fluckiger, said "it's been pointed out that the ISO, while conducting a stakeholder process, is working in a vacuum."

The hearings focused on what consequences would occur when generators did not respond to emergency dispatch orders, or did not deliver power as scheduled. The ISO has charged such generators who do not provide replacement power on their own for the cost of replacement energy. In the last year, the combination of penalties and replacement power that were obtained "wasn't sufficient," said Fluckiger. The proposal outlined for the committee would enable the ISO to impose fines at hours besides just those when price caps are in effect. Sen. Joe Dunn, D-Santa Ana was skeptical of the effectiveness of the rules, saying he had "no confidence that the ISO will enforce the rules."

The ISO also wants to mandate that utilities procure a 15 percent energy reserve. Furthermore, it would try to shift more power purchase transactions to the day-ahead market, as opposed to the hour-ahead and spot markets, for which the ISO is responsible.
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