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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

Netherlands to 'De-privatize' National Grid

LCG, Oct. 19, 2000--The government of The Netherlands agreed this morning to purchase from its four owners the entire national electric transmission system that serves the land of tulips and Edam cheese. The cost to the government will be an agreed-upon $976 million.

Under a proposal by Dutch economic minister Annemarie Jorritsma, the government had planned to purchase only 51 percent of the grid but the transmission owners, EPZ, EPON, EZH and UNA, pushed for a complete sell-off.

A ministry official told the Financial Times, "The four companies that currently own the network were keen to sell the whole stake and we realized there was increasing parliamentary support for this."

As the European Union has opened the electric market on the Continent to cross-border competition, Holland has been held back by a lack of import capacity on its transmission grid. Because of long-term, fixed-price contracts, there has been little incentive for the four companies to expand their wires networks.

"On the one hand the market is liberalized but on the other hand we still have all the problems of the past. The new arrangement will allow us to make a fresh start," the official said.

As part of the agreement, the four companies will free up import capacity on the grid by terminating a contract with Electricit de France, the French national electric monopoly that likes to export power but is loath to see the juice flow the other way. Costs of cancelling the contract will be borne by the four companies.

The four selling companies plan to hold a joint press conference tomorrow.

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