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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

Ontario Government Acts to Attract New Generation

LCG, August 5, 2004--The Ontario electricity market today is faced with a need to rapidly develop new electricity supplies in order to meet the government's goal of shutting down its aging fleet of coal plants and reduce emissions. The coal plants represent about 7,500 MW of capacity, or roughly a quarter of Ontario's generating capacity. Yesterday, Ontario Energy Minister Dwight Duncan visited the Calgary Chamber of Commerce to discuss the government's vision for the energy markets and interest in attracting the private sector to invest in new generation located in Ontario.

The government has been actively promoting change in the markets. In June 2004, the government issued a Request for Proposals (RFP) for 2,500 MW of new generation and/or conservation in Ontario, as well as an RFP for 300 MW of new renewable energy capacity in April. Duncan predicted yesterday that Ontario will be signing contracts by January.

Legislation was introduced on June 15, 2004 to restructure the Ontario electricity market, including the creation of a new government entity, the Ontario Power Authority (OPA). The OPA's responsibilities are to include planning for long-term electricity supplies.

Investors remain cautious, given Ontario's previous move towards competitive markets in 2002, which was followed by a partial reversal back to regulation.

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