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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

Demise of Ontario Power Price Caps Possible

LCG, Oct. 30, 2003--Power price caps put in place by the outgoing Conservative government in the Canadian province of Ontario are responsible for a C$2 million ($1.5 million) daily outflow from the provincial government, according to the new Liberal Party premier Dalton McGuinty, who asked his energy minister to develop a retail pricing system "that better reflects the true cost of electricity" within thirty days.

The fiscal situation of the province is by McGuinty's admission a primary reason that the price caps require close scrutiny. The new government projects that a deficit of C$5.6 billion ($4.26 billion) will be reached duriing the current fiscal year.

Considerable political pressure resulted when deregulated power prices rose considerably, more than a year ago. Under the caps that were enacted to shield residents and small businesses, the difference between the caps and market prices has been shouldered by the province. Builders and developers of energy infrastructure said shortly after the caps were imposed that the uncertainty about their possible returns from new investments made it difficult to justify building.
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