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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

SMUD Announces Budget Plans- No Rate Hike

LCG, November 13, 2002-Sacramento Municipal Utility District(SMUD) announced its budget plans will increase its debt but will not involve retail rate hikes.

SMUD plans to increase its debt in part to pay for new plants. $200 million will go to the construction of a new plant, while $13 million will be put towards wind farm expansion.

Currently SMUD has a debt of $1.8 billion and expects to end the year with a debt of $2.11 billion.

The municipality asserts that it is in very good financial condition and hopes to take in $36 million in excess revenues next year to put into a preexisting emergency fund.

Other issues in its budget include a problematic solar program, which will cost more than previously expected and is forcing the municipality to decide between increasing spending on the solar project or retaining a robust emergency fund. The solar project involves installing 800 kilowatts of solar to some 150 homes and 6 businesses, although SMUD had an initial goal of providing 2,400 KW of new solar power in 2003.

The budget is only in draft form as yet; board members will begin its review this week in Sacramento.

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