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OG&E and Google Announce Contract for Three Data Centers in Oklahoma

LCG, April 30, 2026--OG&E, the operating subsidiary of OGE Energy Corp., announced today that it will power three new data centers that Google announced in Muskogee and Stillwater, Oklahoma last year. As part of the agreement, Google will also make power generation capacity available from two solar facilities in Stephens and Muskogee Counties that are currently under construction. The data centers and associated Electric Service Agreements are expected to provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.

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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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Industry News

Senate Bill Pushes for Federal Oversight of Derivatives Trading

LCG, Feb. 15, 2002--A group of senators from Western states introduced legislation yesterday that would make over-the-counter energy contracts and derivatives trading subject to federal oversight.

Since prior legislation was passed in 2000, the Commodity Futures Trading Commission has been explicitly prohibited from overseeing energy contracts for electricity, natural gas, oil, gasoline and related commodities that are bought and sold outside regulated commodity exchanges, such as the New York Mercantile Exchange (NYMEX).

The sponsoring legislators, senators Dianne Feinstein and Barbara Boxer of California, Maria Canwell, D-Wash., and Ron Wyden, D-Ore., would like electronic trading forums like the former EnronOnline, as well as contracts traded outside electronic marketplaces, to be overseen by the CFTC if settlement is done in cash and if the contract does not require delivery of a commodity. Derivatives contracts are linked to underlying prices of commodites. Billions of dollars' worth of derivatives contracts are traded, with such trading being a primary source of Enron Corp.'s profits.

In cases where the CFTC did not have authority to oversee certain transactions, the Federal Energy Regulatory Commission would have oversight, according to the legislation. At a Congressional hearing Wednesday, CFTC chairman James Newsome, a Republican, testified that his agency has all of the regulatory authority it needs in the aftermath of Enron's collapse.
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