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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

California May Renegotiate Power Contracts

LCG, Jan. 10, 2002--A series of ongoing meetings have brought representatives from the governor's office and state agencies into talks with power sellers concerning existing power supply contracts worth $43 billion over the next seven to ten years.

The contracts were signed during a time of soaring wholesale prices for power bought on the spot market, and before the Federal Energy Regulatory Commission instituted price caps. The companies participating so far include Calpine Corp., Dynegy Inc., PacifiCorp, Sempra Energy and Williams Cos..

The representatives of the state, who also include members of the state Public Utilities Commission, the Department of Water Resources and the state attorney general's office, have already pursued the dismissal of contracts for reasons of improprieties which may have led to the contracts' signing, and have looked to the FERC for rulings against some of them. In some cases, power bought at $121 per megawatt may not be needed and could be sold out-of-state for $19 per megawatt.

Of the 50 long-term contracts, 6 supply a disproportionate share of the power being purchased. In addition to the cost, the state's Joint Legislative Audit Committee found that the contracts are insufficient in terms of reliability.

The power companies hold to their view that the deals they and the state entered into last year were fair. At the same time, Calpine spokeswoman Katherine Potter said, "We're happy to sit down and work with our customers...if there'sa way we can reach a mutual agreement, we're happy to work with them."

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