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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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Avangrid and Puget Sound Energy Sign PPA, Including Upgrade and Life Extension, for Washington Wind Project

LCG, May 19, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a long-term Power Purchase Agreement (PPA) with Puget Sound Energy (PSE) for the 199.5-MW Big Horn I wind project in Klickitat County, Washington. This agreement represents the fourth PPA executed by the two companies for projects in the Pacific Northwest.

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Industry News

Manipulation May Persist in Natural Gas Markets

LCG, Jan. 29, 2003--A report released today by the Federal Energy Regulatory Commission indicates that although companies have acknowledged some false reporting of gas trades to publishers of price indexes has taken place, the potential for manipulation in regional natural gas markets has not gone away.

The agency found that with strong demand for natural gas, and fewer participants in the market to trade, an illiquid situation could be used to boost gas prices further. "Evidence indicates that price manipulation has occurred in certain natural gas marketplaces, and may be continuing," the report states. The author of the report, William Hederman, is director of the agency's office of market oversight.

The regional markets in which possible manipulation was found were not identified. "The ongoing reduction in numbers of wholesale market participants and reduced liquidity and transparency at pricing points may increase the potential for manipulation," the report said. Besides hard-to-detect behaviors such as withholding of supply, upward price pressure has come from the perceived credit risks of market participants. New participants, many from the investment banking community, may counteract these tendencies, the report noted.
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