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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

RGS Shareholders Okay Takeover by Energy East

LCG, June 18, 2001--Shareholders of RGS Energy Group, the parent company for Rochester Gas & Electric Co., on Friday approved the company's acquisition by Energy East, the former new York State Electric & Gas Co., creating one of the largest diversified energy providers in the U.S. Northeast.

Under terms of the acquisition, shareholders of RGS will get $39.50 for each share, payable in cash or in Energy East stock as long as Energy East's common stock prices fall within the range of $16.57 and $22.41.

"RGS Energy's operations in nine counties centering around Rochester will provide a solid base forgrowth," Wes von Schack, Energy East's chief executive told the company's annual meeting.

Von Schack said RG&E's generation portfolio will help Energy East manage some of the business risks that are naturally inherent in a transmission and distribution business. "RG&E's powergeneration facilities substantially satisfy its customers' needs, and will help support some of NYSE&G's supply requirements and improve our ability to continue to deliver electricity at stable prices," he said.

The electricity shortages and price shocks that are impacting several parts of the country, mostnotably California, are also being experienced in New York. "Fortunately, NYSE&G customers havebeen spared these price shocks because their electricity supply and delivery prices have been frozensince 1995," von Schack said.

If approved by state and federal regulators, the acquisition is expected to close next year, Energy East said. The combined company will serve 3 million customers, including about 1.8 million electricity customers, 1 million natural gas customers and about 200,000 other retail energy customers.

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