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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

Dynegy Warns on Possible Bankruptcy

LCG, Aug. 15, 2002--Dynegy Inc. said in quarterly filings with the Securities and Exchange Commission yesterday that its ability to avoid bankruptcy will depend on its success in raising $2 billion through key asset sales.

The company also disclosed that the SEC believed that the company's financial reporting relating to a gas-trading transaction, Project Alpha, and energy trades with CMS Energy, were in violation of antifraud and federal securities laws. The filing also noted that the U.S. Attorney's office in Houston is looking into the company's investment with Black Thunder Investors in Caitlin Associates. Black Thunder contributed $850 million to Dynegy's $100 million, with Caitlin having "indirect economic interests" in Dynegy's Midwestern power generation assets.

In a statement regarding a pending $928 million pipeline sale, the company said that if it "is unable to complete the Northern Natural sale in the near term or other elements of its strategy prior to the second quarter 2003, it may be forced to consider other strategic alternatives or a possible reorganization under the protection of bankruptcy laws." Dynegy did not meet a deadline yesterday to certify its second-quarter financial results as ordered by the SEC. It expects to do so following the re-audit of the past three years' results by auditor PriceWaterhouseCoopers, by the end of 2002.
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