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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

Coal Prices May Feel Upward Pressure

LCG, Feb. 14, 2003--Following a decrease in capacity among coal companies due to low demand, coal-burning power producers who have let their own inventories shrink could spur price increases when demand returns.

Electricity produced from coal makes up 52% of the U.S.'s energy, yet power producers may have tried to realize savings by skimping on purchases. No concrete numbers are available, but some coal producers believe that the much cold winter now in progress has the potential to cause dangerously low inventories, especially if deliveries to power plants are delayed for any reason. The Energy Information Administration has estimated that the size of coal piles will contract by 5 million tons in the first quarter of the year.

In addition to the incentive of savings, sporadic coal purchases by power producers have likely been caused by lowered credit ratings and less favorable credit terms in the wake of the Enron scandal. Those contracts that have been signed recently have generally been shorter than before, in the range of one to three years in some cases rather than ten to fifteen years.
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