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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 PUC Rules Against PG&E Rate Proposal

LCG, Apr. 5, 2002--A ruling by the California Public Utilities Commission on Thursday will allow utilities Pacific Gas & Electric to realize cost-of-service rates for power supplied to customers from its nuclear and hydroelectric plants and numerous long-term contracts, well below rates that had been suggested by PG&E as part of its bankruptcy restructuring proposal.

The overall amount expected to be collected from Pacific Gas & Electric customers this year is $2.9 billion, while San Diego Gas & Electric will recover approximately $466 million. Paul Clanon, who heads the PUC's energy division, noted that Pacific Gas & Electric would have received $716 million more under its proposal for emerging from bankruptcy. The average cost of PG&E-supplied energy according to Thursday's ruling will be $2.8 cents per kilowatt-hour, whereas PG&E's proposal called for charges of 5 cents per kilowatt-hour over 12 years, to be followed by market-based prices.

In the opinion of Nettie Hoge, head of The Utility Reform Network, "it just highlights exactly for us why 'cost of service' is more beneficial, and how absolutely rapacious the PG&E bankruptcy plan is." PG&E said it would need more time to consider the full impact of the ruling, but PG&E spokesman John Nelson told the Sacramento Bee that the decision was "part of the piecemeal approach to rate-making that the commission has been taking -- or talking about -- for the last year."

PG&E will have further chances to submit market-based rate proposals for future years.
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