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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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ERCOT Summer 2026: What’s Driving the Next Wave of Market Risk?

LCG, May 27, 2026--ERCOT enters Summer 2026 with healthy near-term reserve margins, but rapidly growing data center demand, persistent West Texas congestion, and the rollout of RTC+B are reshaping market dynamics faster than ever.

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Industry News

Reliant to Acquire Orion Power in $2.9 Deal

LCG, Sept. 27, 2001--Reliant Resources Inc. and Orion Power Holdings Inc. announced jointly this morning that they have agreed for Orion to be acquired by the Reliant Energy Inc. spinoff in a transaction valued at about $2.9 billion.

The companies said Reliant Resources will also assume around $1.8 billion of Orion Power's net debt and that they anticipate that the transaction will be completed early next year.

Houston-based Reliant said it would pay $26.80 per share in cash for Orion, a price that represents a premium of about 40 percent based on recent trading levels for Orion.

Reliant said the deal would bolster its position as a leading provider of wholesale power, gas, and energy services, combining Reliant Resources' 14,100 megawatts of domestic capacity in operation or under construction with Orion Power's 6,500 megawatts.

The acquisition is structured as a cash merger and is conditioned upon approval by Orion Power's shareholders and regulatory approvals. Shareholders owning a majority of Orion Power's outstanding stock, including Goldman, Sachs & Co. and its affiliates, Constellation Energy Group, Inc., Mitsubishi Corp. and Tokyo Electric Power Co. International, have agreed to vote their shares in favor of the transaction.

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