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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 Centrica Buys Enron's European Energy Retailer

LCG, Dec. 5, 2001--Centrica Plc, Britain's largest natural gas supplier, said yesterday it had agreed to buy Enron Corp.'s European retail arm Enron Direct for 96.4 million ($137.1 million U.S.).

Enron Direct serves about 160,000 commercial customers with long-term contracts stretching out as much as five years.

PriceWaterhouseCoopers, the accounting firm appointed last week as administrator for Enron Europe, agreed to Centrica's offer, which exceeded rival bids by Electricit de France and British utility Innogy.

Mike Alexander, managing director of the British Gas Trading subsidiary, said "This provides an ideal platform for advancing our plans for the commercial market. These long term customers represent an attractive additional market segment for Centrica."

Earlier, EdF seemed to be counting its chickens before they were hatched. Gerard Wolf, director of the French utility's chairman's office, had said "Enron Direct would fit well with our London Electricity business."

There remains a possibility that EdF could bid for Enron's 1,875 megawatt natural gas-fueled Teesside power plant in England. "We need to be more balanced in the UK. We need more generation," Wolf said.

Most of Enron Direct's business is in the UK, but there are small Spanish and Dutch units, Enron Directo and Enron Direkt.

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