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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

Enron Negotiating to Sell Korean Gas Interests

LCG, Nov. 6, 2001--Enron Corp., already on the ropes in the U.S. and India, is in negotiations with one or more interested parties to sell its 50 percent interest in SK-Enron, a gas distribution joint venture with SK Corp. of South Korea.

Korea Oil News said companies with which Enron is talking include El Paso Corp., BP-Amoco and Exxon Mobil. The publication said Enron planned on receiving letters of intent from interested parties by the end of this month and to complete the sale either this year or early next year.

Enron and SK formed the joint venture in 1999, each company contributing 25 billion won ($19.44 million U.S.) for a total of 50 billion won paid-in capital.

Y. H. Moon, an official of SK-Enron, told Reuters news agency "It is true that Enron is in talks to sell the stake in the joint venture, but we cannot comment where the sale talks are now and how they would proceed," and gave no other details.

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