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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

AES to Build 670 Megawatt Plant in Bulgaria

LCG, Oct. 18, 2001--A joint venture between AES Corp. of the U.S. and Bulgaria's government-owned National Electricity Company said this morning that AES would begin construction next May of a 670 megawatt coal-fired power plant at the Balkan country's Maritsa East coal mining complex.

AES will invest $225 million of its own funds for an undisclosed share of the project, the joint venture said in a news release. Another $625 million in funding is expected from the European Bank for Reconstruction and Development, U.S.-based Overseas Private Investment Corporation and Germany's Kredit fur Wiederaufbau.

Bulgaria has profited recently from exports of electric power, gaining $150 million last year from power deals with Turkey, Greece, Macedonia and Yugoslavia. But as much as 40 percent of the nation's generating capacity is slated for decommissioning or overhaul by 2010, which could limit supply available for export.

The new plant is aimed at heading off that problem before it occurs.

The project is also expected to reduce Bulgaria's dependency on coal imports from Russia and Ukraine.

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