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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's Dabhol Power, Lenders to Meet in London

LCG, Nov. 27, 2001--Dabhol Power Co., the huge power project in India that is 65 percent owned by Enron Corp. of the U.S., will meet with its lenders in two separate meetings in London this Friday and Saturday and may decide the fate of India's largest foreign investment.

The meetings will consider proposals which would allow Dabhol to terminate its agreement with the Maharashtra State Electricity Board. Enron had issued a preliminary notice of termination last May with a deadline of November 19, but a Bombay court, acting on an appeal by Indian lenders, asked Dabhol to withhold a notice of termination until December 3.

The Indian financial institution feared that if the contract with the MSEB were terminated they would have little chance of recovering the $1.4 billion they have advance the $2.9 billion project.

Non-Indian lenders, led by Citibank and Bank of America, both of the U.S., will meet Friday to consider giving Dabhol their permission to issue the notice of termination. Also on Friday, the Dabhol board will meet in London to consider giving the project's management authority to issue the notice of termination.

Enron, which owns 65 percent of Dabhol, and two other U.S. firms, General Electric Co. and Bechtel Enterprises -- each with 10 percent -- are fed up with doing business in India and would like to exit the subcontinent.

Their departure would be a blow to India's 10-year-old electricity sector reform program, which had already seen the departure of five other foreign companies which cited bureaucratic delays and legal wrangling as a steady diet when doing business in India.

If Dabhol issues its final notice of termination, the brouhaha would move to international arbitration to resolve arguments over damages.

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