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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

Southern Energy Completes Purchase of Pepco Plants

LCG, Dec. 20, 2000--Southern Energy Inc. said yesterday it has completed its $2.65 billion acquisition of power plants with electric generating capacity totaling 5,154 megawatts fromPotomac Electric Power Co.

"This acquisition, the largest single purchase of assets ever by Southern Energy, is a big step toward meeting our goal of owning or controlling 30,000 megawatts of capacity in the United States by2004," said Marce Fuller, Southern Energy chief executive. "The location of these assets near key energy markets also makes closure of this acquisition exciting."

Southern Energy bought four power plants in the deal: the 837 megawatt Dickerson Station in Montgomery County, Md., the 2,423 megawatt Chalk Point Station in Prince George's County, Md., the 1,412 megawatt Morgantown Station in Charles County, Md., and the 482 megawatt Potomac River Station in Alexandria, Va.

John Derrick, chief executive of Pepco, said closing of the sale "is a significant milestone in Pepco's strategy of transforming the company from a regulated, integrated electric utility into a diversified telecommunications and energy services company, selling and delivering electricity, natural gas, telecommunications and related products in the mid-Atlantic region."

Pepco said part of the proceeds from the sale will be used to retire $525 million of thecompany's outstanding long-term debt. Two hundred million dollars that was borrowed earlier this year to fund a common stock buyback program also will be repaid.

Pepco will also use about $170 million to lower customers' electric bills.

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