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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

Demise of Ontario Power Price Caps Possible

LCG, Oct. 30, 2003--Power price caps put in place by the outgoing Conservative government in the Canadian province of Ontario are responsible for a C$2 million ($1.5 million) daily outflow from the provincial government, according to the new Liberal Party premier Dalton McGuinty, who asked his energy minister to develop a retail pricing system "that better reflects the true cost of electricity" within thirty days.

The fiscal situation of the province is by McGuinty's admission a primary reason that the price caps require close scrutiny. The new government projects that a deficit of C$5.6 billion ($4.26 billion) will be reached duriing the current fiscal year.

Considerable political pressure resulted when deregulated power prices rose considerably, more than a year ago. Under the caps that were enacted to shield residents and small businesses, the difference between the caps and market prices has been shouldered by the province. Builders and developers of energy infrastructure said shortly after the caps were imposed that the uncertainty about their possible returns from new investments made it difficult to justify building.
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