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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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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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Industry News

Mirant Adjusts Balance Sheet Downward

LCG, August 16, 2002--A series of mistakes caused Mirant's balance sheet to be overstated by $1.1 billion at the end of last year, the gas trader and merchant power developer announced.

Mirant did not provide details of the ways in which its assets and liabilities had been misstated, but said it does not anticipate that operating income, expenses, net income, liquidity or cash flow will be affected by the discovery. It certified its 2001 filings and first-quarter financial results with the Securities and Exchange Commission this week.

Previous mistakes in operating results amounting to $253 million were disclosed by the company two weeks ago. "We're hard at work resolving these remaining issues," Marce Fuller, Mirant's chief executive said in a statement. "These were honest mistakes."

Prior to the most recent disclosure, Mirant's assets and liabilities were equal to $22.8 billion.
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