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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

FERC Would Use Incentives to Encourage RTO Membership

LCG, Jan. 15, 2002--The Federal Energy Regulatory Commission has given its support to a staff proposal that aims to bring transmission assets owned by utilities under regional transmission organizations through increased rate of return incentives.

The proposal will be submitted for public comment over a 45-day period, and would permit public utilities to gain federal approval for up to an additional 2 per cent in rate of return on equity. Utilities could earn up to 50 basis points of additional return on equity for transmission investments based on their joining a regional transmission organization; 150 basis points for divested transmission assets; and 100 basis points for expansion of transmission assets. While the incentives for joining an RTO would last through 2012, the incentive for divesting transmission assets would be offered through 2022.

FERC's aim with the set of incentives is to allow greater access by independent power producers with no transmission assets. Utilities would not receive direct benefit from the incentive for divested assets; rather, they would see more profitable asset sales, which would likely be at a higher price because of the incentive. Ultimately, FERC would like dispatching of generation to be the responsibility of actors other than their owners.
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