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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

UK's BG to Buy Enron India Oil and Gas Assets

LCG, Oct. 3, 2001--British natural gas producer BG Plc said this morning it had agreed to buy Enron Corp.'s oil and gas assets off India's west coast for $388 million to complement its Indian interests in gas distribution and liquefied natural gas.

Enron's Dabhol Power Co. is not part of the deal, though Dabhol's 2,184 megawatt power plant is fueled by LNG obtained under a long-term agreement from Qatar.

Enron Oil and Gas India Limited has a 30 percent interest in the Tapti and Panna Mukta fields north west of Bombay, and a 62.4 percent interest in the CB-OS/1 exploration license off the state of Gujarat. The Enron unit is operator of the concessions under agreements with its joint venture partners.

In addition to regulatory approvals, the sale of Enron's assets would require confirmation that Enron Oil and Gas India would continue as operator of the fields under BG's ownership. However, the state-run drilling company ONGC, which has a 40 percent stake in Tapti and Panna Mukta, has indicated it wants to take over operation of the fields.

On learning of Enron's interest in selling its interests in the fields, ONGC expressed interest in boosting its ownership to 70 percent.

BG has LNG import facilities under development in western India. David McManus, the company's executive vice president with responsibility for India, said yesterday "What this additional gas will do is create the marketplace in advance of LNG imports coming in behind it and in fact will fill the supply deficit that currently exists."

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