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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

Nine Mile Point Sold in Billion-dollar Deal

LCG, Dec. 12, 2000--Constellation Energy Group and Niagara Mohawk Power Corp. said separately this morning that Constellation will purchase Unit 1 and 82 percent of Unit 2 of the Nine Mile Point nuclear power plant in a deal valued at about $1.04 billion.

Niagara Mohawk said the sellers will realize $815 million in cash, $134 million in interest and $88 million in decommissioning savings.

Constellation will get 82 percent of the 1,148 megawatt Nine Mile Point Unit 2 from its owners, Niagara Mohawk, New York State Electric & Gas Co., Rochester Gas & Electric Co. and Central Hudson Gas & Electric Corp. The Long Island Power Authority, an 18 percent owner of Nine Mile 2, elected to hang onto its share of the unit.

Niagara Mohawk is the sole owner of the 609 megawatt Nine Mile Point Unit 1.

The terms of the deal include power purchase agreements under which Constellation will sell 90 percent of the output of the two reactors back to the sellers for about 10 years at an average price of around $35 per megawatt-hour.

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