EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

AEP Cuts Back Speculative Trading

LCG, Oct. 11, 2002--Liquidity in energy trading is likely to decline further, following the announcement yesterday by American Electric Power Co. (AEP) that it will significantly reduce the resources it had devoted to speculative trading.

A top trader at AEP, Rick Snowdon, departed from the company in May along with others who worked with him, citing personal reasons for leaving. This had led some at other firms to infer that AEP had incurred losses on its trading operations. The company applied to the Electric Reliability Council of Texas in September to mothball older coal-fired generators which had served the Texas market, a market which has more than adequate supplies of power.

A significant amount of AEP's coal-fired generation will continue to supply the Midwest with inexpensive power. AEP's overall generation portfolio totals 42,000 megawatts. The company's earnings estimates for the current year have been cut by 11 percent, AEP chairman, chief executive and president Linn Draper said Thursday. Draper stated that the company "is painfully aware that the current market conditions won't reward the scope and scale of our trading and marketing business that we built over the last several years.

A trader quoted by Reuters said, "These things make trading conditions that much more difficult. They are causing everybody to be that much more conservative in who they trade with and make it more costly to trade." Much of speculative trading involves contracts based on estimates of the future price of power.
Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service