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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

SoCal Ed Rescue Clears California Assembly Panel

LCG, Aug. 30, 2001--A $2.9 billion rescue plan to save Southern California Edison Co. from bankruptcy cleared one of two hurdles in the California Assembly yesterday following amendments aimed at making the deal more palatable to the utility.

The measure, as proposed to Assembly Democrats by Gov. Gray Davis, was originally a pretty close carbon copy of legislation passed in July by the state Senate, which SoCal Ed said it would not be able to accept.

To sweeten the deal, the Assembly Committee on Energy Costs and Availability doubled the amount the utility could receive for its transmission assets from $1.2 billion to $2.4 billion, still short of the $2.76 billion agreed to between the governor and the company in April.

The panel did not change the provision of the state Senate bill that converts the transmission feature from an outright purchase to a five-year option to purchase. SoCal Ed had complained that the option did little more than place a cloud on a valuable asset.

Also missing from the Assembly version was a requirement that SoCal Ed provide the state with title or easements to more than 21,000 acres of sensitive Sierra watershed lands, much of it in Fresno County. That portion of the legislation had sparked opposition from county residents who feared state control would restrict future uses of the properties.

The bill is not yet ready to go to the Assembly floor for a vote. It now moves to the Assembly Appropriations Committee for further massaging.

How much of that massaging it can stand is another question. State Senate President Pro Tem John Burton, a San Francisco Democrat, had warned the Assembly against making significant changes, and the Assembly thinks its changes were significant.

"I don't know how much more artful we could have been given the time constraints," said the Energy Committee chairman, Los Angeles Democrat Rod Wright.

The bill gets its $2.9 billion price tag from the size of a bond issue SoCal Ed would be allowed to market, not from any state money involved. The utility would sell revenue bonds, a form of tax-exempt obligation, backed by its 180,000 largest customers through higher rates, while its million of residential customers -- who are also voters -- would get off without a rate hike.

SoCal Ed would also be locked into selling power to the state at low prices for 10 years, another long-term "solution" for California's short-term energy crisis.

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