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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

PG&E Bankruptcy Mediators Appointed

LCG, Feb. 28, 2002--A set of mediators appointed by U.S. Bankruptcy Judge Dennis Montali to bring opposing arguments by Pacific Gas & Electric Co. and the California Public Utilities Commission closer to an understanding were approved by both parties, and by state Attorney General Bill Lockyer, yesterday.

The appointees are Antonio Piazza and Marc Feder, of the San Francisco firm Gregorio, Haldeman and Piazza. PG&E had been resistant to mediation, and has argued against the CPUC's proposed reorganization plan, which competes with its own plan. Montali said that he is now considering both plans, although the CPUC will need to submit a more substantial proposal by April 15. PG&E intends to submit an updated plan March 7.

Under the CPUCs proposal, excess revenue realized by PG&E would be used to pay creditors. At the same time, dividend payments would stop temporarily, and long-term debt would be restructured. PG&E layer James Lopes said the CPUCs proposal was off by about $4.5 billion. The CPUC said fuller disclosure by the utility would have helped it to submit a realistic proposal.

Montali had expressed skepticism several weeks earlier at the possibility that state regulations concerning utilities and environmental restrictions could be trumped by federal law, a key part of PG&Es own proposed restructuring. The plan would shift generating assets and land to PG&Es corporate parent, PGE Corp.
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