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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

Southern California Edison Submits Market Re-Entry Plan

LCG, May 3, 2002-Southern California Edison (SCE) last week gave the California Public Utilities Commission its plan to reestablish an investment-grade credit rating.

The utility, which carries a "BB" credit rating, got into trouble last year when caught between retail price caps and skyrocketing wholesale prices. By January 2001, SCE had $6.35 in "undercollections," and California appointed the Department of Water Resources to buy power in its place.

The SCE plan, submitted late Wednesday, asks permission to enter long-term contracts and elaborates on the need to avoid spot purchases. SCE also included prompt rate review by regulators to be implemented if undercollection exceeds 5 percent of SCE revenue; the utility defines "prompt" as less than 30 days.

According to the plan, the DWR would initially co-sign SCE contracts, but ultimately the utility would assume full ownership once its credit rating improved sufficiently.

SCE hopes that the Commission will approve the plan by September or early October.

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