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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

Dominion Completes Acquisition of Louis Dreyfus Gas

LCG, Nov. 2, 2001--Dominion Resources Inc. said yesterday it has completed the $2.3 billion acquisition of Louis Dreyfus Natural Gas Corp., and will fold the company into its Consolidated Natural Gas subsidiary.

Dominion said the acquisition more than doubles its proven reserves to more than 4.6 trillion cubic feet equivalent. That increase will permit a 40 percent expansion of production to more than 450 million cubic feet of natural gas per year.

All in all, Dominion expects the acquisition to help double its gas sales and trading volumes over the next three years.

The purchase was paid for with $890 million in cash and $900 million in stock from a new issue of 14 million shares. Consolidate also assumed $505 million of Louis Dreyfus debt.

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