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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

PJM Files Reliability Pricing Model with FERC

LCG, September 1, 2005--PJM Interconnection (PJM) announced yesterday that it has filed with the Federal Energy Regulatory Commission (FERC) a new capacity pricing model to improve grid reliability and better ensure adequate electric supply.

The Reliability Pricing Model (RPM) follows a multi-year, stakeholder process. The model is designed to signal the need for investment in new power supplies and to provide consistency that would create an environment more attractive to investors. Wholesale capacity prices may vary by location in order to incent new generation where it is needed relative to load locations and transmission constraints. Other key features in the model are designed to address demand side management and to incent new transmission infrastructure as an alternative to new generation.

PJM, which has significantly expanded its service area over the past two years, now operates the power grid for all or parts of Delaware, Indiana, Illinois, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

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