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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

California's Trans Bay Cable Gains Momentum

LCG, September 9, 2005--Babcock & Brown Power Operating Partners LLC announced yesterday that it received preliminary approval from the directors of the California Independent System Operator (ISO) for its proposed Trans Bay Cable, a $300 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 55 miles from Pittsburg to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The project is scheduled to commence operations in 2009. Once completed, the operational control will be transferred to the California ISO.

Babcock & Brown Power Operating Partners LLC stated that approval from the California Public Utilities Commission (CPUC) is not necessary, as the other project participants, the City of Pittsburg and Pittsburg Power Co., are not regulated by the CPUC. Environmental approval is still required in order for construction to begin. On July 21, the Federal Energy Regulatory Commission (FERC) gave preliminary approval for the underlying rate principles.

Babcock & Brown Power Operating Partners LLC is a unit of Australia's second-largest investment bank, Babcock & Brown Ltd., which is based in Sydney.

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