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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

FTC Asked to Probe Enron for Possible Fraud

LCG, Dec. 26, 2001--The chairman of the Senate Commerce Committee and the leader of its Subcommittee on Consumer Affairs have asked the U.S. Federal Trade Commission to investigate Enron Corp. for possible fraud and misrepresentation of facts in connection with the company's spectacular collapse.

Reuters news agency reported this morning that Sens. Ernest Hollings, a South Carolina Democrat who heads the Commerce Committee, and Byron Dorgan of North Dakota, also a Democrat and chairman of the Consumer Affairs Subcommittee, wrote last Friday to FTC Chairman Timothy Muris, asking the commission to look into whether Enron engaged in "deceptive acts," "unfair methods of competition" or "any other conduct that the Commission would deem to be harmful to consumers."

Dorgan's subcommittee has already begun its own probe of Enron's nosedive and both the Securities and Exchange Commission and the Justice Department have investigations of their own underway. Enron chief executive Kenneth Lay is scheduled to testify before Dorgan's panel on February 4.

In their letter to Muris, the two senators said the ultimate cause of Enron's collapse "extends well beyond possible violations of securities regulations" and the case raises questions of possible commercial fraud, misleading disclosures, illegal accounting practices, illegal partnerships with third party entities and conflicts of interest.

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