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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

First Energy Gets Final Okay for GPU Takeover

LCG, Oct. 30,2001--First Energy Corp. of Ohio said yesterday it had received approval from the Securities and Exchange Commission for its pending takeover of New Jersey-based GPU Inc., a merger that will create the nation's fourth largest investor-owned electric utility.

First Energy said it will begin combined operations of both companies on November 7.

Chief executive H. Peter Burg said the company "will be even better positioned to provide customers with reliable and affordable electricity and a variety of energy-related services."

The company also announced details for exchange of stock by GPU shareholders who will get cash, or a combination of cash and stock, or stock for their shares, depending on what they elect and on a complicated formula related to the closing price of First Energy common stock over a 20-day period.

GPU shareholders were reminded that they had only until 5 p.m., Eastern Standard Time, to make their election.

The combined companies will have annual revenues of more than $12 billion and electricity sales of about 124 billion kilowatt-hours to some 4.3 million customers in a service territory stretching from the Ohio-Indiana border to the New Jersey shore.

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