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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

FirstEnergy Seeks Progressively Higher Rates

LCG, Feb. 6, 2004--FirstEnergy has outlined a long-term rate structure proposal that raises the possibility of increases of as much 50 percent over three years.

Uncertainty about the rates would come from FirstEnergy's request that it be able to defer some rate increases until further into the future. According to the plan, charges that serve to "improve reliability of service" would be justified. A "Rate Stabilization Charge" would cover the possibility of spending in order to attract customers who may have switched to another supplier.

The Ohio Consumers' Counsel (OCC) has said that current charges should cover expenditures for reliable service, and that additional charges on these grounds are not justified. The implementation, modification or rejection of various elements of FirstEnergy's plan will be decided by the Public Utilities Commission of Ohio.
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