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Avangrid Completes Construction of New, 120-MW Solar Project in Oregon

LCG, June 2, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced that it has completed construction of its Tower Solar project in Oregon and connected it to the electric grid. Once commissioning activity is complete, the project will deliver energy to Portland General Electric (PGE) and help support QTS operations in the region.

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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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Industry News

California Files Suit Against PG&E Corp.

LCG, Jan. 11, 2002--The state attorney general of California, Bill Lockyer, filed suit on Thursday against PG&E Corp., on the grounds that fraud was committed when Pacific Gas & Electric, the regulated utility, transferred over $4 billion to its corporate, unregulated parent.

According to Lockyer, when the details of electric power deregulation were being worked out, PG&E Corp. had committed itself to insuring that Pacific Gas & Electric would remain financially stable. The Public Utilities Commission made the formation of PG&E Corp. as an unregulated holding company conditional on such an understanding, the suit asserts.

On Wednesday, the PUC ruled in a 3-2 vote that although the holding company is unregulated, the state nonetheless has the authority to sue it. Lockyer commented, "When you follow the money between the child and the parent, what you find is that all the money in this system went form the chld to the parent."

The regulated utility transferred $4.6 billion through 2000 to the holding company, when one-third of its revenues were transferred. In April of 2000, it cited $13 billion worth of debt in seeking bankruptcy protection.

A statement by Locker alleged that "the corporation deliberately failed to disclose its true intentions and misled the California Public Utilities Commission to gain approval of its holding company structure." PG&E Corp. responded to the suit by saying its intended effect was "to obstruct our utility's plans for emerging from bankruptcy."

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