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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

High Prices May Have Resulted from Inaccurate Price Indexes

LCG, Oct. 18, 2002--The Commodity Futures Trading Commission (CFTC) is investigating how price indexes used to settle energy contracts may have been manipulated following disclosures by Dynegy and American Electric Power Co. (AEP) that they had falsified prices they provided to a prominent industry publication.

"Most contracts, directly or indirectly, are tied to one of these indexes," Arthur Corbin, president of the Mnicipal Gas Authority of Georgia, a gas purchaser, told Bloomberg. The indexes in question are developed through a survey of anonymous traders' data, used by Platts, a division of McGraw-Hill Cos. The actual prices at which specific company trades are made are not normally disclosed. Mirant Corp. and Reliant Resources Inc. have said that they are reviewing data submitted in the past to verify their accuracy.

Platts has had its list of subscribers and names of employees who collect price information subpoenaed. According to Platts spokesman Jim Keener, his company is cooperating fully with the probe. The CFTC is seeking "any information that indicates any person's knowledge of false, inaccurate or otherwise incorrect pricing and volume information." The government is interested in determining if false information may have exacerbated the Western energy crisis of 2001.
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