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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

Enron Creditors to Receive 16.6 Percent

LCG, September 18, 2003Enron Corporation has noted that its creditors can expect to get more of what they are owed.

Enron, currently splitting up its assets in bankruptcy court, has pointed out that the value of its assets has improved. Therefore, creditors can expect to recover closer to 16.6 to 19.5 percent recovery, wheras previous estimates were for 14.4 to 18.3 percent.

Creditors to the Enron parent company can expect 16.6 percent recovery, while creditors to Enron North America Corp. will probably get 19.5 percent.

Enron filed for bankruptcy protection in December 2001. The corporation will likely separate Cross-Country Energy, Prisma Energy International and Portland General Electric (PGE) from its bankruptcy proceedings and is hoping to keep PGE in one piece.

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