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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

US GAO Affirms CA Crisis Related to Shortage

LCG, June 25, 2002-The United States General Accounting Office released a report yesterday which finds that the California energy crisis was due to a lack of capacity in the state.

Politicians have disagreed over the origin of the California crisis, and recently exposed market manipulation pratices have set politicians' fingers pointing at energy companies.

The GAO report asserts that market manipulation alone did not result in the crisis and that the state had a higher demand than supply.

The report also pointed out that new generation was built in other deregulated sates, such as Pennsylvania and Texas, at a much higher rate relative to forecasted need than that in California. Through 2001 California built a quarter of its forecasted capacity needs, while Texas built more than twice is forecasted capacity need.

The GAO included several reasons for a lack of generation investment in California, including more unpredictable regulatory review and a longer permit process, 4 months longer than Pennsylvania and 10 months longer than Texas. Also, the GAO reports that Clean Air Act standards complicate permitting in California, and the unstable California market may scare off energy development.

Republican Representative Doug Ose has lauded the report and finds it supports his efforts to eliminate governor Gray Davis' control of the California Independent System Operator. Ose also asserts that changes must be made or shortages will plague the state again soon, although many energy officials have already asserted that the state has sufficient supply, and new energy projects are under development.

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