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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

New York Approves Niagara Mohawk Rate Hike

LCG, Aug. 31, 2001--The New York State Public Service Commission has approved a request by New York utility Niagara Mohawk Power Corp. to increase electricity rates, reflecting the higher cost of producing power.

The rate hike, commonly called a "fuel cost adjustment," will hit householders with a 7.9 percent increase beginning September 1. Overall, the increase will average 4.9 percent for all classes of customers.

The new rates will remain in effect for two years unless fuel costs happen to unexpectedly drop over the next two years, in which case there would be a downward adjustment in rates.

"While none of us wants rate increases, it is important to understand what is driving the increases -- prices of fuel used to generate electricity," Niagara Mohawk Chairman Maureen Helmer said. "What we don't want to happen is for the real price of electricity to go unrecognized, risking the credit worthiness of utilities -- as happened in California -- and driving electricity prices for consumers even higher."

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