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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

FERC Caps New York Electric Rates

LCG, June 29, 2001The Federal Energy Regulatory Commission, hoping to avoid California-style price increases, yesterday approved a plan to rein in wholesale power prices in New York State through this summer.

The FERC plan specifies that once wholesale prices rise to a certain level, a cap would be imposed. Utilities or power producers charging more than the cap would have to justify their prices upon review.

The controls, approved unanimously by the five-member commission, would remain in effect through the end of October. "We're going to be diligent in making sure that rates are low," said FERC Chairman Curt Hebert.

The federal agency, a division of the Department of Energy, rejected a request by New York State officials that would allow collection of retroactive damages against power producers who were believed to have inflated prices.

Nevertheless, New York State Attorney General Eliot Spitzer was pleased with FERC's action. "This is a critical step for us as we head into summer," he said.

A group representing the state's non-utility generators said it was disappointed with the plan. "There is no evidence of market power abuses in New York state," said Gavin Donohue, executive director of the Independent Power Producers of New York State. "It sends a bad signal that to do business in New York, you have to play by different rules than other places."

Under FERC's plan, a review would kick in if power prices anywhere in the state rose to $150 per megawatt-hour, or if one or more power producers charged $100 more than the average for a particular region. Currently, wholesale power prices in New York are around $60 per megawatt-hour.

New York Gov. George Pataki hailed the proposal, calling it "an important step toward protecting energy consumers."

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