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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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DOE Acts to Ensure Key Coal-fired Power Plants Are Available in MISO to Supply Peak Summer Demands

LCG, May 18, 2026--The U.S. Secretary of Energy today issued an emergency order to address critical grid reliability issues in the Midwest anticipated this summer. The order is in effect beginning on May 19, 2026, through August 16, 2026. The emergency order directs the Midcontinent Independent System Operator (MISO), in coordination with Consumers Energy, to ensure that the J.H. Campbell coal-fired power plant (Campbell Plant) in West Olive, Michigan shall take all steps necessary to remain available to operate and to minimize costs for the region.

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Industry News

Cinergy Invests in e-Biz Firm

LCG, July 6, 2000--Cinergy Corp. of Cincinnati said this morning that it would buy in two phases about 5 percent of the common stock in an e-business firm named Convergent Group. The first phase will be an investment of $10 million for an undisclosed number of shares in the dot-com company.A second phase will take place when Convergent goes public. At the time of its initial public offering, Cinergy will acquire the balance of its 5 percent stake at a discount to the IPO price.In addition, Cinergy has hired convergent to co-develop and put into effect a multi-tiered program focusing on customer service through which Cinergy will use the Internet to more effectively compete in the changing marketplace for energy.James Rogers, chief executive of Cinergy, said This strategic alliance will move us forward in creating the digital energy company of the future. Our equity investment in Convergent is an indication of our confidence in their business model, based on first-hand successes, and out commitment to investing in technology that reshapes our business.Rogers added that his vision is for a customer to be able to place a service request and have it transacted on-line without a human hand touching it of a human eye looking at it.We will try that the next time we need the gas man to come out an light a pilot light.
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