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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

Northeast Releases Draft Model Rule for Regional Greenhouse Gas Initiative

LCG, March 24, 2006--The Regional Greenhouse Gas Initiative (RGGI) took another step forward yesterday with the release of the draft model rule, which sets forth for public comment the specific rules upon which to establish within each participating state a cap-and-trade program designed to reduce greenhouse gases and related concerns of global warming. The release of the model is a key action included in the Memorandum of Understanding (MOU) signed in December 2005 by the governors of Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York and Vermont (the "Signatory States").

Public comments on the draft model rule can be submitted until May 22. The final model rule is scheduled to be released in July 2006, and the launch date for the trading program is January 1, 2009.

The draft model rule targets reducing carbon dioxide (CO2) emissions from electric generators with capacities equal to or greater than 25 MW that burn primarily fossil fuels. Like the existing SO2 emission allowance market, if a company does not have sufficient CO2 allowances to cover CO2 emissions from its generators, it must either reduce annual emissions or purchase allowances from sources able to keep their emissions below their prescribed cap. Generators that sell less than 10% of the electricity they generate to the grid will be exempt.

The program includes allowance offsets to sponsors of approved CO2 emission offset projects, such as landfill gas capture and combustion, sulfur hexaflouride capture and recycling, converting non-forested to forested land, and projects to reduce fugitive methane emissions from natural gas transmission and distribution. Offsets may only be used to cover a small portion of CO2 emissions, e.g., initially up to 3.3% of CO2 emissions.

For offset projects located in Signatory States, allowances will be awarded on the basis of one allowance for each CO2-equivalent ton. However, for offset projects located outside the Signatory States, allowances will be awarded on the basis of one allowance for every two CO2-equivalent tons. If the spot price of CO2 emissions equals or exceeds certain triggers, then offset allowances may be awarded outside of the United States.

Each Signatory State will receive a specific allocation of CO2 allowances, and each state may then issue the allowances. The model rule provides for each state to allocate 25% of the allowances for a consumer or strategic energy purpose, such as the development of non-carbon emitting energy technologies. For the years 2009 through 2014, each state's CO2 budget will remain unchanged. The quantity of allowances will be stable from 2009 through the beginning of 2015, with a decline through 2018 that is designed to achieve a 10% reduction in CO2 emissions.

Massachusetts and Rhode Island had initially contributed to the development of RGGI but have elected not to sign the MOU. The MOU allows for these two states to opt back in prior to January 1, 2008 and encourages other states to join the program
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