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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

El Paso Replaces CEO

LCG, March 13, 2003El Paso Corporation announced that CEO William A. Wise is officially stepping down as CEO and that a new CEO has been chosen to take interim office.

Ronald Keuhn, Jr. will take Wises place while a permanent CEO is sought.Keuhn, who is 66, has served as a business consultant for two years and was non-executive chairman for the corporation for 14 months in 1999 and 2000.

The corporations decision to replace Wise comes at a time when shareholders have been seeking to replace El Pasos board members.

One of the companys largest shareholders, Selim K. Zilkha, has been at the head of the effort of change the board and owns some 8.9 million shares. The shares have dropped in value over the last two years by nearly $600 million.

Wise will continue to receive his salary plus half of his yearly bonus, in addition to pension benefits, for three years.

El Paso is the countrys largest natural gas pipeline company.

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