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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

Bills Suggest UK Aid to British Energy

LCG, Jan. 15, 2002--The U.K. government has prepared legislation which would eliminate limits on the amount of government assistance allowed for nuclear operations, and give permission for units or assets of the privatized British Energy to be acquired with public funds.

The opposition Liberal Democrats said that they would not vote for the bills introduced, because the public would end up funding nuclear waste management, at a cost of £3 billion ($4.82 billion). Financial assistance already being provided to the company, which was privatized in 1976, will end on March 9, based on the policy of the European Commission concerning competition.

"The bill introduced today allows us to deal with any eventuality faced by British Energy," the energy minister, Brian Wilson, said. "These are sensible provisions which will continue to protect our priorities of nuclear safety and the security of electricity supplies." The costs and operational problems facing British Energy became much worse when wholesale power prices fell by about 40% last year.

An environmental group, Friends of the Earth, said the government should not bail out the company. Roger Higman said, "It shows yet again that nuclear power is a financial as well as an environmental disaster."

British Energy is now focused on selling Bruce Power, a profitable subsidiary owning nuclear plants in Canada. The sale would provide £300 million ($482 million). £337 million was lost by the entire company in the latter half of the year, it disclosed in December.
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