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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

Connecticut Attorney General Outraged Over FERC Locational ICAP

LCG, November 18, 2004--Reaching a solution for Connecticut's wholesale electricity market and related reliability problems is a challenging task. The Federal Energy Regulatory Commission (FERC) and ISO New England (ISO-NE) plan to implement a locational capacity market that includes two capacity regions in Connecticut, one region for Maine, one for eastern Massachusetts and one for the rest of New England. In the near term, it is expected that higher capacity prices would be paid to generators in the southwestern corner of Connecticut to attract new generation to resolve the localized shortfall. "This two-zone decision divides Connecticut against itself and is an outrage," said Connecticut Attorney General Richard Blumenthal, who plans to try and reverse the ruling. A final decision is anticipated by June 2005, with implementation targeted for January 2006.

On Tuesday, Governor M. Jodi Rell also expressed his opposition to the ruling. It's painfully obvious that the real problem in southwestern Connecticut is the capacity of the existing network to carry power, not the lack of power generation," said Rell.

Transmission studies to resolve Connecticut's problems have been underway for some time. One plan for southwest Connecticut is focused on running the last 24 miles of the Middletown-Norwalk line underground into Norwalk. The underground design is desired by the City of Norwalk and its residents. The technical staff from ISO New England, Connecticut Light & Power and United Illuminating Company have struggled to develop an underground solution that is technically acceptable from a reliability standpoint and is continuing to evaluate alternatives.

A related, key issue is who pays the incremental costs - estimated to be at least $250 million - for underground rather than above ground cables. In a previous filing, ISO-NE cautioned that the increased costs are unlikely to qualify for regional cost support and that Connecticut residents and businesses may be responsible for such costs. Who pays and how quickly an upgrade project is completed is difficult to determine, especially when one considers Connecticut's track record with another controversial transmission project, the Cross Sound Cable.

In a statement released yesterday, ISO-NE President and Chief Executive Officer Gordon van Welie stated, "[T]here are no cheap fixes for Connecticut's energy dilemma. Whatever option is chosen, it's time to move forward."

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