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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 Releases New Utility Debt Restrictions

LCG, February 20, 2003As part of its decision regarding Westar Energy Inc.s debt-related request, FERC has issued debt financing guidelines for utilities.

Today, the Federal Energy Regulatory Commission (FERC) approved Westar Energy Inc.s proposition to raise as much as $650 million in long-term and unsecured debt. The largest electric utility in Kansas, Westar Energy has been trying to reduce its debt by several means, including the sale of non-utility assets and dividend reduction.

According to the commissions decision, Westars sale or placement of long-term, unsecured debt must be accompanied by a filing of a Report of Securities, issued within 30 days of the event.

While FERC will allow Westar Energy to finance its debt, the commission simultaneously released guidelines regarding public utility debt in order to prevent borrowed funds from being used for non-utility purposes.

According to FERCs website, www.ferc.fed.us, these guidelines are:

Public utilities seeking authorization to issue debt backed by a utility asset must use the proceeds of the debt for utility purposes only.

If any utility assets that secure debt issuances are "spun off," the debt must follow the asset and also be "spun off."

If any of the proceeds from unsecured debt are used for non-utility purposes, the debt must follow the non-utility assets. If the non-utility assets are "spun off," then a proportionate share of the debt must follow the "spun-off" non-utility asset.

If utility assets financed by unsecured debt are "spun off" to another entity, then a proportionate share of the debt must also be "spun off."

The commission noted that the new guidelines would apply to all approved secured and unsecured debt authorized by the Commission.

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