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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 Close to Pulling Out of India

LCG, May 21, 2001Inching toward a decision that could devastate India's desire to attract foreign investment to infrastructure projects, U.S. energy company Enron Corp. on Saturday took a significant step that could result in the failure of the largest such investment on the subcontinent.

Enron's 65 percent-owned Dabhol Power Co. issued a preliminary notice to terminate its contract to sell electricity to the Indian state of Maharashtra, saying that both the state and the federal government of India were reneging on contracts signed in 1995.

"After months of working with the Maharashtra State Electricity Board, and the governments of Maharashtra and India to find solutions, it is apparent that they are unwilling to honor their offtake commitments for the entire power station," Dabhol said in a statement.

From Houston, Enron backed up its Indian subsidiary. "The preliminary termination notice is a clear signal as it moves us closer to termination of the agreement. If the current problems are not resolved then ultimately (Dabhol) and its lenders and shareholders will still have a recourse to substantial remedies for termination damages under the agreement," an Enron spokesman said.

The preliminary notice sets in motion a six-month "cooling off" period during which parties to the dispute will attempt to resolve their differences. Dabhol has said it will be happy to talk, but added that it would not under any circumstances renegotiate terms of the 1995 agreements.

The 2,184 megawatt gas-fired Dabhol power plant on India's west coast not far from Bombay is largest foreign investment. The 740 megawatt first phase of the project began producing power last year and the Maharashtra State Electricity Board almost immediately began delaying payment for power delivered to it. Each month, Dabhol has been forced to invoke first the guarantees of Maharashtra state and then those of India itself in order to get paid.

With the 1,444 megawatt second phase of the project scheduled to begin commercial operation next month, the electricity board, backed by Maharashtra state, has said it does not need the power after all and is attempting to back out of its obligation to purchase the plant's output.

Dabhol's statement said the company was amenable to "constructive discussion on solutions," but also said the only acceptable solution would be for the parties contractually obligated to purchase Dabhol's power to actually buy it or find other creditworthy buyers.

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