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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

TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

TVA's CEO stated, "This decision is not about coal. It's about economics. It's about keeping rates as low as feasible. Continued operation will impose significant costs to our customers that can be entirely avoided. When we run the units, which is infrequently, at least half the time they're out of the money."

The Bull Run Fossil Plant is located near Oak Ridge, Tennessee and began operations in 1967. The plant has an electric generating capacity of 881 MW.

The Paradise Fossil Plant is located in western Kentucky on the Green River. Unit 3 became operational in 1970, with a capacity of 1,150 MW. Units 1 and 2 commenced operations in 1963, each with a generation capacity of 704 MW. Units 1 and 2 were retired in 2017 and replaced in 2017 by the natural gas-fired Paradise Combined Cycle Plant, which has an electric generating capacity of 1,025 MW.

Paradise Unit 3 may be retired in December 2020, and Bull Run may be retired in December 2023.
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