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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 to Require Derivative Reporting

LCG, October 10, 2002The Federal Energy Regulatory Commission announced yesterday that certain companies in the electricity industry will be required to release annual reports on derivatives.

Earlier this year Californian officials asked legislators for disclosure of over-the-counter derivative trading, but the pre-Enron request was unsuccessful.

Now FERC has decided that public utilities and pipeline companies will be required to report their derivative values once a year. However, independent and affiliated power and natural gas companies will not be affected by the rule. FERC is still considering whether or not such companies will be allowed to avoid specific regulations.

The new reporting rule will be applied in 60 days.

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