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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

Enron to Sell Stakes in Two Brazil Gas Distributors

LCG, May 1, 2001Brazil's state-run oil company Petrobras said yesterday that it had agreed with U.S. energy conglomerate Enron Corp. to buy Enron's interests in two Rio de Janeiro natural gas distribution companies.

Petrobras said in a news release that it had signed a deal on Sunday to buy Enron's 25.38 percent stake in Cia Distribuidora de Gas do Rio de Janeiro that distributes gas in the city of Rio de Janeiro, and 33.75 percent in CEG-Rio that serves Rio de Janeiro state.

The Brazilian petroleum company said it has agreed to the acquisitions "along with other investors," which could mean its Petros pension fund. Sources in Brazil said the purchases could be evenly split between the two in order to avoid the two gas distributors becoming technically "re-nationalized." They were privatized in 1997.

The government's BNDES development bank has a 34.5 percent interest in the Rio city distributorship and BR Distribuidora already owns 25 percent of CEG-Rio.

Even without the two Rio de Janeiro companies, Enron will have a significant presence in Brazil through its Gaspart subsidiary, which controls natural gas distribution firms in seven Brazilian states.

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