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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

NYMEX to Introduce PJM Futures contracts

LCG, Feb. 21, 2003--Incentives in the form of up to $200,000 in reimbursement of costs will be offered by the New York Mercantile Exchange (NYMEX) to induce floor brokers to trade Pennsylvania-New Jersey-Maryland (PJM) electricity futures contracts.

The futures are to be traded shortly, and will take the form of monthly, weekly, and daily contracts for PJM's western hub. As many as 100 two-year permits will be made available to brokers. As long as the brokers meet certain volume requirements, they can be reimbursed for salary and benefits of floor brokers, telephone and other such costs.

The president of the NYMEX, J. Robert Collins, stated, "This is yet another example of the Exchange's innovative approach to expanding its participant base and establishing liquidity in new markets. It provides an excellent opportunity to become involved in the early stages of a contract that we anticipate will be as successful as our other major energy markets."

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