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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

Reliant Resources to Sell Off European Assets at Loss

LCG, February 20, 2003Reliant Resources Inc. will sell energy-related European assets to Nuon at a loss of $900 million.

The Netherlands Nuon will purchase the assets for roughly $1.3 billion, in part comprised of $1.2 billion in cash receipts. $0.5 billion of the reportedly $0.9 billion loss is associated with goodwill impairment.

Reliant will pay its $600 million in euro debt that matures this March, but Nuon will take on debt that matures this July.

Reliant has 3,500 megawatts in electric capacity in the Netherlands as well as in commercial energy holdings.

The agreement will still require Dutch and German antitrust approval and is expected to be completed in half a year.

Reliant is based in Houston, Texas.

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