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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

Bankrupt Enron to Hold Asset Sale to Fund Settlements

LCG, August 28, 2002-Enron Corporation will sell several significant assets in order to pay for settlements.

Enron announced that Oregon utility Portland General Electric and Transwestern Pipeline Company will be auctioned, along with a 50 percent stake in the Citrus Corporation, a join venture with El Paso Corporation, as will some nine other holdings.

Final bids are expected in November in order to finalize decisions by the end of the year. Decisions will be subject to bankruptcy court approval.

Experts point to the pipeline as the most likely asset to be sold at a fair price because of its reliable source of revenue.

Other financially desperate companies, such as Dynegy Corp., have also made asset sales plans as well.

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