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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

Enron India May Disconnect Maharashtra State

Directors of Dabhol Power Co. meeting in London yesterday authorized management of the firm, 65 percent owned by U.S. Enron Corp., to terminate its contracts to sell power to India's Maharashtra State.

The board's decision follows repeated failures on the part of the state-owned utility, Maharashtra State Electricity Board, to pay its monthly electric bill to Dabhol. The action empowers Dabhol management to discontinue service to the MSEB at any time.

Indian officials, however, perceive the board's action as just another gambit in an ongoing dispute over the cost of power, even though a power purchase agreement was executed in 1993 and renegotiated in November 1995.

In May of 1996, the Indian federal government extended its sovereign guarantee to the Dabhol project, agreeing to underwrite any defaults by the MSEB.

Contracts in India are not accorded the same respect as they are in Western nations, and the terms of contracts are likely to be misstated for political purposes. Dabhol is a 2,184 megawatt power project, 740 megawatts of which are on line, with the balance due for completion later this year. The investment by Enron and its co-owners and lenders exceeds $3 billion.

Yesterday, Maharashtra chief minister Voliasrao Deshmukh told The Economic Times "The state was not in favor of terminating the U.S. energy major Enron-promoted Dabhol Power Co.'s $900 million power project, but instead it wants to work out an amicable solution for solving the imbroglio."

Enron might be forgiven for feeling the "imbroglio" would be solved if Maharashtra paid for the electricity it gets from Dabhol and that a lot more than $900 million is involved. Moreover, Enron did not promote the Dabhol project in May of 1992, the Indian government invited Enron Corp. to explore the possibility of building a large power plant in Maharashtra. The U.S. company may be sorry it bought the air fare.

Maharashtra had threatened earlier this month to scrap the project, but The Economic Times said this was "back channel" diplomacy initiated by a veteran politician, Sharad Pawar.

Now, both India and the state of Maharashtra want to renegotiate the power purchase agreement between the MSEB and Dabhol, which means they want to pay less for power than they had previously agreed to pay. Enron would probably accept a lower tariff, if the bills were paid promptly in U.S. dollars.

The Dabhol project is the largest single foreign investment in India, and observers are unanimous that failure of the project at this stage would severely limit India's chances of attracting further investment from Western companies.

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