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DTE Energy Invests in 1.5 GW of Michigan-made Battery Energy Storage Systems for Eight Projects

LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.

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Microsoft and Avangrid Sign PPA for Bluebird Solar Project in Washington State

LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.

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Industry News

Calpine Gets $83.32 Per Megawatt-hour in Third Quarter

LCG, Oct. 27, 2000--Independent power producer Calpine Corp. said yesterday that the average price it received for electricity it generated during the third quarter was $83.32 per megawatt-hour, a 71 percent increase from $48.74 in the same period last year.

The robust increase in revenue per unit of production boosted Calpine's earnings beyond expectations. The company said third quarter earnings, before an extraordinary charge, rose to $147.1 million, or $0.96 a share, from $42.9 million or $0.37 in 1999.

Calpine's results easily exceeded Wall Street estimates of $0.79 per share and the company sounded like it could use Al Jolson's line: "You ain't seen nothin' yet."

Peter Cartwright, chief executive of the San Jose, Calif. company, said "We are very confident that we will exceed the analysts' expectations (in the next quarter)," and Rick Barraza, vice president for investor relations echoed "We are going to have a very strong finish to an excellent 2000."

Calpine said it sold almost a third of its power in California and other western states where prices soared this summer due to a booming economy based on energy-hungry computers and Internet devices.

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