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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

California Power Prices Golden for Reliant

LCG, Oct. 25, 2000--Reliant Energy Inc., the Houston-based electric utility active in the national merchant power movement, said this morning that power plants it acquired from Southern California Edison Co. made a major contribution to its record earnings.

Reliant said its third-quarter net income rose to $389 million, or $1.34 per share, from an adjusted $283 million, or $0.99 per share, from the same period last year.

Contributing to that 37 percent increase in profits was a sevenfold increase in operating income from its wholesale energy business, which consists of its merchant power plants and its electricity trading and marketing operations.

"Our strong commercial management of generating assets and commercial gas and power positions in attractive regions of the U.S. has allowed us to break out of the traditional role of a local energy provider. As markets evolve, we will continue to build business positions that capitalize on thesestrengths," said Steve Letbetter, chairman, president and chief executive.

The company said it enjoyed "higher energy sales and energy prices due to unique seasonal dynamics in the Western markets."

That Western market was California, where Reliant has 3,800 megawatts of generating capacity purchased from SoCal Ed when the Golden State's electric restructuring law encouraged state utilities to divest their power plants. That generation amounted to more than 8 percent of the state's peak demand on its hottest day this summer.

The Golden State proved golden for Reliant Energy in the third quarter.

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