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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

LG&E, Powergen Get SEC Okay,Deal Should Close in a Few Days

LCG, Dec. 7, 2000--Powergen Plc of the United Kingdom received approval yesterday from the U.S. Securities and Exchange Commission for its acquisition of LG&E Energy Corp. ofLouisville, Ky.

The companies said it was the last approval needed for consummation of the merger, which is expected to close "in the next few days."

"The speed with which this transaction has been concluded is a tribute to the people at bothcompanies who have worked diligently to make this powerful combination a reality," said Roger W.Hale, LG&E Energy's chief executive. "We sincerely appreciate their efforts."

"Additionally, we'd like to thank our regulators, both in the United States and the United Kingdom, who recognized the value of this merger for the companies, their employees, their communities and theirshareholders," he added.

LG&E said that shortly after the closing its shareholders will receive letters of transmittal containing instructions for submitting their stock certificates at the agreed upon price of $24.85 a share.

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