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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 Hopes to Renegotiate Power ContractsAs Large Users Sign Their Own Supply Deals

LCG, Oct. 22, 2001--Energy advisors to California Gov. Gray Davis said on Friday that the state intended to press ahead in its attempts to renegotiate some of the power purchase agreements entered into by the state Department of Water Resources.

The water agency signed more than 50 contracts with independent power producers for some $43 billion worth of electricity to be delivered mostly over the next ten years, but with one contract extending 20 years into the future.

The cost of power under those contracts averages about $69 per megawatt-hour, more than twice the current market rate.

State records show that many large power customers aren't waiting around to see what the state will pay for power and are arranging their own deals with power suppliers. That move could leave householders and small commercial customers on the hook for the high-priced power.

"This stampede could shift over $8 billion in costs to these consumers in coming years," said state Treasurer Phil Angelides, who added "It isn't fair and it isn't right."

State officials say that not all of the power contracts will be renegotiated, but decline to say which.

"Certainly we're not targeting every contract," said Barry Goode, Davis' legal affairs secretary. "Long-term contracts have been extremely valuable in keeping the market stable."

Separately, the California Department of Water Resources, which also makes spot market power purchases to serve the day-to-day needs of the state's cash-strapped investor-owned utilities, said it expects its total electricity costs for the three utilities to be $17.2 billion by December of next year, a sharp drop from its earlier estimate of $21.4 billion.

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