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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

Enron's Energy Traders Trading for UBS

LCG, Feb. 12, 2002--Yesterday marked renewed energy trading by former traders for Enron and associated staff, now working for UBS Warburg Energy.

UBS Warburg AG, the Swiss bank, owns the group, and whereas Enron conducted business through EnronOnline, a new site, UBSWenergy.com, is handling new accounts.

The unit is to be found in Enron's Houston office tower, and is led by Greg Whalley, once Enron president and chief operating officer. The energy trading business accounted for most of Enron's profits before misleading accounting practices led to its stock plunging and a bankruptcy filing in December.

The deal UBS Warburg made to acquire the trading unit last month will give Enron a claim on 33 percent of pre-tax profits for two years. An analyst at Fulcrum Global Partners in New York, Michael Barbis, told the Houston Chronicle, "no one expects them to be what they were. It will be a tougher time for them to get going, is my bet."

In the wake of Enron Corp.'s demise, which led to losses by other traders, some of those who dealt with Enron in the past are so far conducting transactions using the Intercontinental Exchange, owned by a consortium of well-financed energy-trading firms.
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