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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

Consumer Group Sues CPUC Over 'Ratemaking' in Bankruptcy Plan

LCG, Apr. 11, 2002--A lawsuit has been filed today in the California Supreme Court by the Foundation for Taxpayer and Consumer Rights against the state Public Utilities Commission over the agency's plan to direct ratepayer revenue to paying down the debt of Pacific Gas & Electric Co.

Doug Heller, the group's spokesman, said, "by state law, the commission is not allowed to do ratemaking in closed session. If they are proposing an alternate PG&E plan to extend a rate hike, that's doing ratemaking." The CPUC has been given a deadline of April 15 by U.S. Bankruptcy Court Judge Dennis Montali by which it must submit a more detailed reorganization plan to be considered alongside Pacific Gas & Electric's own plan.

The CPUC plan would cause Pacific Gas & Electric to suspend shareholder dividends, refinance long-term debt, and would maintain retail electricity rates at current levels. When the CPUC's plan was first released for review, president Loretta Lynch said that Pacific Gas & Electric was building cash reserves because it was receiving higher revenues from power sales than the cost of supplying the power. The company contended that the CPUC's plan severely underestimated the amount of PG&E's debt and liabilities.
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