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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

Out-of-State Bidding Rule Potentially Harmful, CA ISO Says

LCG, May 28, 2003--A rule that allows only real-time energy bids of zero by non-California generators could unnecessarily restrict power supplies during the summer, according to a filing made with the Federal Energy Regulatory Commission by the California Independent System Operator.

The restriction was put in place to avoid the possibility of power being sold out-of-state, potentially leading to higher-cost purchases by California from out-of-state generators. It was to have ended with the introduction of new software to be used by the ISO, with the FERC's approval. Now, the software is expected to arrive later than planned, by fall of this year.

The grid operator still wants generators to be able to bid more than zero, which would allow them to keep from incurring operating costs greater than the market clearing price when their bids are selected. Even if allowed to bid more, those generators would not be able to set the market clearing price. The ISO said in its filing that out-of-state generators' bids into the real-time energy market are reduced from what they had been before the rule was put in place.
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