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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 Dabhol Power, Lenders to Meet in London

LCG, Nov. 27, 2001--Dabhol Power Co., the huge power project in India that is 65 percent owned by Enron Corp. of the U.S., will meet with its lenders in two separate meetings in London this Friday and Saturday and may decide the fate of India's largest foreign investment.

The meetings will consider proposals which would allow Dabhol to terminate its agreement with the Maharashtra State Electricity Board. Enron had issued a preliminary notice of termination last May with a deadline of November 19, but a Bombay court, acting on an appeal by Indian lenders, asked Dabhol to withhold a notice of termination until December 3.

The Indian financial institution feared that if the contract with the MSEB were terminated they would have little chance of recovering the $1.4 billion they have advance the $2.9 billion project.

Non-Indian lenders, led by Citibank and Bank of America, both of the U.S., will meet Friday to consider giving Dabhol their permission to issue the notice of termination. Also on Friday, the Dabhol board will meet in London to consider giving the project's management authority to issue the notice of termination.

Enron, which owns 65 percent of Dabhol, and two other U.S. firms, General Electric Co. and Bechtel Enterprises -- each with 10 percent -- are fed up with doing business in India and would like to exit the subcontinent.

Their departure would be a blow to India's 10-year-old electricity sector reform program, which had already seen the departure of five other foreign companies which cited bureaucratic delays and legal wrangling as a steady diet when doing business in India.

If Dabhol issues its final notice of termination, the brouhaha would move to international arbitration to resolve arguments over damages.

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