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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

Gila River Plant Complete

LCG, July 21, 2003--Units 3 and 4 of the Gila River Power Station have reached a "major milestone" as part of TECO Power Services' construction program, and are substantially completed, it was announced today.
A subsidiary of TECO Energy, Inc., TECo Power Services noted that the completion of major construction at the 2,145-megawatt power plant, ahead of schedule, provides it with necessary security to provide the lenders to the project. The plant can also provide more capacity during the summer, the company said. The amount of security to be posted in connection with letter of credit postings will become $66 million, down $44 million from the current level.

Upon the completion of the units and final acceptance, scheduled this fall, the amount of postings is expected to become $8 million. TECO Energy, Inc. also has subsidiaries Tampa Electric, Peoples Gas, TECO Power Services, TECO Transport, TECO Coal and TECO Solutions.
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