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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

Profits of Enron Gas Subsidiary Ordered Refunded

LCG, July 18, 2002--The Federal Energy Regulatory Commission (FERC) yesterday ordered Transwestern Pipeline Co. to refund profits made on two gas supply deals in early 2001.

The company, which is a subsidiary of Enron Corp., sold gas to Richardson Products Co. and Sempra Energy Trading Corp., after the companies were notified in advance that capacity on Transwestern pipelines would be auctioned in February and March of 2001. The companies were the only bidders for the capacity. Rather than paying regulated rates, the companies signed deals at prices many times above such rates.

The FERC found that the deals violated rules concerning arms-length transactions. In some cases, negotiated deals are allowed, but Pat Wood said of the circumstances under which the deals were made, "There was no incentive to keep prices down....They could pass it on to an energy-starved electric market." Early 2001 marked California's energy crisis, in which an apparent shortage of supply and poor market design led to ever-higher wholesale power prices.

Transwestern will be given 30 days to pay refunds to the companies. One transaction allowed Transwestern a payment of $232,200 in a day, rather than $3,800, the amount which FERC found would have been justified.
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