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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

Upstate New York Customers Will Pay 13% Less for Electricity

LCG, Mar. 1, 2002--A five-year rate settlement between New York state regulators and New York State Electric & Gas Corp. will bring down electric rates for 825,000 customers by 13 percent.

NYSEG is the second-largest utility in upstate New York, serving several Buffalo suburbs. The contentious path to the final rate agreement came after NYSEG suggested last March that it be allowed to freeze its rates for seven years. The proposal was offered as a contrast to volatile prices at the wholesale level in California.

The response to the plan was that NYSEG's rates were nonetheless among the highest in the country, and 23 percent above those of Rochester Gas & Electric Corp. (The Public Service Commission approved a deal in which NYSEG would acquire RG&E earlier this week.) NYSEG revised its terms to include a three percent rate cut, and a freeze for six years.

The cut agreed upon takes effect today, meaning residential customers will be charged 12.2 cents per kilowatt-hour, rather than the 14 cents they have been paying. Flexible terms are available to all customers, who can purchase electricity at market prices rather than at a fixed rate, expected to be five percent above market prices based on forecasts. They may also limit their purchases from NYSEG entirely to delivery services, and buy electricity from another company altogether.
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