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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 California Trades Called 'Sham Transactions'

LCG, Apr. 12, 2002--According to Loretta Lynch, president of the California Public Utilities Commission, trades executed at rising prices between Enron and its affiliates in the fourth quarter of 2000 made the market for electric power seem more active and volatile than it actually was, and caused higher power prices in the Western states.

Lynch, speaking before a subcommittee of the Senate Commerce Committee, said that data supplied by Enron to the Federal Energy Regulatory Commission showed that 30 percent of trades by the affiliates took place with other such affiliates and subsidiaries of the company, including the New Power Company, Enron Energy Services, Enron Energy Marketing, Enron Power Marketing and Portland General Electric. The prices of the trades that Lynch alleged were "sham transactions" were posted on the EnronOnline trading system, and could have been considered a reference point by other market participants.

Other witnesses, such as energy analyst Robert McCollough, found that transaction data was not sufficient to determine conclusively that Enron's trades were the sole reason for higher prices, or that the trades did not have any relationship to the rest of the market. McCullough, however, found that a key off-balance-sheet partnership managed by Enron executives, LJM2, projected a much higher rate of return from an investment in an Oregon power plant site than Enron itself, suggesting that LJM2 either had "vastly more expertise than Enron, or ... foreknowledge of the events to come."

Sen. Barbara Boxer (D-Calif.) was of the opinion that Enron "used us a cash cow to keep that company afloat, keep the stock price high so insiders could cash out." Sen. Peter G. Fitzgerald (R-Ill.), consistent with remarks by some Republicans, said that California's deregulated market design was responsible for high prices, and that he was "skeptical" of Enron having an impact.
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