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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

EIA Issues Summary of Planned Power Generation Retirements for 2025

LCG, February 25, 2025--The EIA today issued an analysis of planned utility-scale power generation retirements in 2025. Total retirements for the U.S. are estimated to be 12.3 GW, a significant increase relative to 2024, when 7.5 GW of capacity was retired.

In 2025, planned coal-fired electric generation capacity retirements total 8.1 GW, which accounts for two-thirds of planned retirements (66%), followed by natural gas-fired (21%) and petroleum-fired (13%) facilities.

The largest planned coal plant retirement for 2025 is the 1,800-MW Intermountain Power Project (IPP) in Utah, where an 840-MW natural gas (and hydrogen) fueled combined-cycle power block is planned to commence operations this summer. Two other planned large coal plant retirements are J H Campbell (1,331 MW) in Michigan and Brandon Shores (1,273 MW) in Maryland.

Natural gas-fired planned unit retirements in 2025 are primarily simple-cycle turbine units, which have a low efficiency. In addition, old, inefficient steam units, like V H Braunig Units 1, 2, and 3 (859 MW) in Texas and Eddystone Units 3 and 4 (760 MW) in Pennsylvania, are planned for retirement in 2025.

Looking into the future, planned retirements are not necessarily a given. For example, Georgia Power, a Southern Company subsidiary, recently filed its 2025 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC). To maintain reliable and economical electric service, Georgia Power stated it must continue to invest in its foundational resources, which includes continuing the operation of coal-fired Plant Bowen Units 1-4, and extending the operation of approximately 1,100 MW at Plants Scherer (coal-fired) and Gaston (natural gas-fired) beyond the previous target of December 31, 2028 to 2034 or later.

The uncertainty in unit retirements has increased in part due to the election results and the new Administration, which has goals to demonstrate national energy dominance, reduce regulatory hurdles and accelerate growth in the U.S. economy (which would increase the demand for electricity). Furthermore, the new Administration supports the development and production of fossil fuels and may reduce support to renewable power.
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