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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

Credit Problems Lead to Less Trading at Williams and Dynegy

LCG, July 25, 2002--The trading activity and existing positions of both Williams Cos Inc. and Dynegy Inc. are reportedly decreasing due to credit difficulties and less willngness on the part of other traders to engage with them, according to Reuters.

The finance director for Williams' European trading operations, Ray Poudrier, said, "We are still transacting but because of our credit status it is very limited; we are still in the spot market."

A trader in the West was quoted as saying that his own company, which was hesitant to extend credit to either of the companies, has also experienced reluctance by trading partners to extend credit. Another trader was quoted as saying, "A lot of what we're doing today is closing out a lot of deals with Dynegy and Williams. There's a lot of fear they're going the way of Enron. Not that they did anything wrong, but people are just losing faith in those companies."

Firms are reportedly trying to minimize any appearance of increased risk because of exposure to trading partners with poor credit ratings.
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