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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

California Utilities Want Electric Rates Boosted 26% to 30%

LCG, Dec. 28, 2000California's two largest electric utilities told state regulators yesterday that lights might go out over much of the state unless the rate freeze imposed by deregulation is lifted and they are allowed whopping increases in what they charge their retail customers for power.

Pacific Gas & Electric Co. asked for approval of a 26 percent rate increase. Southern California Edison Co., asking for a 30 percent increase, said that wouldn't even allow the company to break even. SoCal Edison said it would need an 82 percent rate increase to do that.

Since early this year, the two utilities have been selling power at rates frozen by the California electric restructuring law at 10 percent below 1997 retail rates. At the same time, the companies have been paying for wholesale power at prices up to 30 times higher than what was expected when the law was passed in 1996.

Blame it on supply and demand. Californians and there are more of them every day have been increasing their demand for power at record rates, and no new sources for power have been developed since the 1980s.

The California Public Utilities Commission has recognized that "rates must rise" and is meeting with the utilities yesterday and today to find out how small an increase they are able to accept without going out of business. The regulators say they will issue a decision a week from today.

At yesterday's meeting, PG&E lawyer Roger Peters told the commissioners "We are out of credit and we are close to being out of cash. People will not lend us money to buy power. You need to understand that."

SoCal Edison on Tuesday sued the Federal Energy Regulatory Commission in U.S. District Court, in a move to allow it to charge cost-based rate for retail electricity. That action, placing the ball in a federal court, could have far-reaching results.

On December 15, FERC commissioner William Massey noted the companies' plight and said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

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