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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

FERC Money-Pool Conference Planned

LCG, Sep. 9, 2002--In keeping with a plan by the Federal Energy Regulatory Commission to set tighter controls on the cash flow between regulated and unregulated affiliates, the agency will hold a conference in two weeks with utility and other company input.

Some utilities are wary of such rules, as requiring an affiliate that borrows from a "money pool" managed by one part of a larger corporate entity to be rated investment-grade by a rating agency would not be immediately possible in many cases. Many affiliates currently do not receive any rating, as they do not raise their own financing. The Securities and Exchange Commission receives reports on a quarterly basis that detail transactions within a money pool, including the terms of any loans.

According to a pipeline industry group, a rating would require payments to a rating agency of at least $100,000 for the audit costs.
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