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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

First Energy May Buy GPU in $12.2 Billion Deal

LCG, Aug. 7, 2000--Big Ohio utility First Energy Corp. is in talks to acquire GPU Inc. of New Jersey in a $12.2 billion deal that could be wrapped up as early as this week. The deal, if reached, would make First Energy one of the largest U.S. electric companies.

The acquisition would continue the consolidation taking place in the U.S. electric industry as a result of growing competition. At first, mid-sized utilities combined to become large enough to compete with the big companies. Now the big guns are combining their firepower.

American Electric Power Co. began the heavy duty mergers with its acquisition of Central and South West Corp. That was followed by the agreement to merge between Unicom Corp., parent of Commonwealth Edison Co., and Peco Energy Co. Last week, FPL Group announced that it would acquire Entergy Corp.

According to people familiar with the First Energy-GPU negotiations, First Energy would pay $4.5 billion in cash and stock for GPU and assume $7.7 billion in debt, but more clear terms of the deal were not known.

The boards of directors of both companies were expected to meet today to discuss the proposition.

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