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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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Avangrid and Puget Sound Energy Sign PPA, Including Upgrade and Life Extension, for Washington Wind Project

LCG, May 19, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a long-term Power Purchase Agreement (PPA) with Puget Sound Energy (PSE) for the 199.5-MW Big Horn I wind project in Klickitat County, Washington. This agreement represents the fourth PPA executed by the two companies for projects in the Pacific Northwest.

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Industry News

FERC Staff Supports Tougher Natural Gas Index Rules

LCG, January 16, 2003-Federal Energy Regulatory Commission staff have suggested standards for natural gas indices in order to avoid false reporting.

Last year several companies were found to have submitted false natural gas prices to industry periodicals, yielding an inaccurate view of the natural gas market of the time. El Paso Corporation, American Electric Power, Dynegy Inc., CMS Energy Corp., and Williams Cos Inc. have stated that employees gave bogus data to newsletters.

FERC staff members have asserted that minimum reporting standards should apply to natural gas indices. They suggested that indices be subject to third-party review and should include real trading information, not solely aggregate figures.

Dynegy and Xcel Energy have already settled by paying $5 million for their part in manipulating the market with false price reporting. Although publications have procedures to eliminate erroneous or false information, it is not clear what false price information may have been incorporated into indexes.

The Commodities Futures Trading Commission has also subpoenaed Duke Energy, Portland General Electric , and Avista Corp.

FERC commissioners will hold a conference with the Department of Energy's Information Administration regarding natural gas pricing but have not stated whether or not standards will be adopted.

Meanwhile natural gas prices have increased significantly of late, some say due to cold weather and limited supply.

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