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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

Support Grows for CPUC's PG&E Bankruptcy Plan

LCG, Aug. 23, 2002--Creditors of the bankrupt utility PG&E are backing a proposal by the California Public Utilities Commission that could govern the way in which PG&E emerges from bankruptcy.

U.S. Bankruptcy Judge Dennis Montali is to select either the proposal by the California Public Utilities Commission or PG&E's own plan, on November 12. Under the deal made with the CPUC, creditors would receive payments from PG&E's rates, which could be set based upon its debt and its need to buy power. The California Department of Water Resources has been buying electricity on behalf of the utility, because the utility lacks credit. PG&E's plan would remove its operations from state oversight of its wholesale electric rates.

The plan, which has been developed with assistance from investment bank UBS Warburg, has been criticized by consumer advocacy groups, who are opposed to rates being set based upon PG&E's heavy debts. PG&E would sell stock under the plan, while PG&E Corp., its corporate parent, would be restricted from realizing profits.

Residential customers of Southern California Edison have been paying rates which are as much as 40 percent higher than they were before wholesale power prices spiraled out of control, in order that the utility can pay its debts.
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