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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

PG&E Creditors Approve CA Utility's Reorganization Plan

LCG, September 10, 2002-Creditors of the PG&E utility voted overwhelmingly in favor of the utility's plan to sell assets in order to recover from bankruptcy.

Pacific Gas & Electric utility declared bankruptcy in April last year after differences between wholesale electricity prices and retail price caps left it financially strapped. Earlier this year, U.S. Bankruptcy Judge Dennis Montali decided that creditors to the utility could vote on one of two plans intended to bring the utility out of bankruptcy.

The California Public Utilities Commission created one of the plans, which keeps the utility's assets under the control of California regulators, and the PG&E utility created the second plan, which involved splitting up assets into several companies, all but one of which would be moved beyond the control of state regulatory bodies.

Only one of the ten classes of the utility's creditors voted for the CPUC's plan. Energy Service Providers, or Class 7, voted against the utility's plan.

Although the utility is more than pleased by the overwhelming victory, the final decision over its $13.5 billion debt still lies with Judge Montali. Hearings on the plans are to follow.

The balloting was conducted by independent voting agent Innisfree M & A.

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