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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

FERC Asked to Ease Caps on Northwest Power Prices

LCG, Aug. 31, 2001--A power planning group formed by the governors of four states in the Pacific Northwest has asked the Federal Energy Regulatory Commission to relax their price caps on electricity because of concern that the controls could restrict power supplies this winter.

The Northwest Power Planning Council says FERC's pricing formula, imposed in June on 11 states in the West, is based solely on the cost of producing power in California, which has little relevance for Washington, Oregon, Idaho and Montana.

In California, peak demand occurs during the summer when air conditioners are fighting a hot climate and drops during the clement winters. The situation is just the opposite in the Northwest, where many homes are heated by electricity and the winters are cold.

The council fears that FERC's pricing formula could keep prices artificially low in the Northwest and deter power producers from selling electricity into the regional market, just when it's needed most.

The council recommended several changes to FERC's rule, including one that would base power prices on the cost of production, and voted 6-2 to file the petition with FERC.

Another of the recommendations would require power producers in California to sell electricity into the four Northwestern states -- the reverse of Clinton administration rulings when the Department of Energy ordered Northwestern power producers to sell power to California during that state's energy emergencies last fall.

Those sales resulted in power shortages in the Northwest and higher prices for consumers in the four states.

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