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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

Southern Announces Another Joint Development Project for New Nuclear Reactors

LCG, March 16, 2006--Southern Company (Southern) today announced that it has executed an agreement with Duke Power (Duke) to jointly pursue the development of a new nuclear power plant at a site in Cherokee County, South Carolina. Duke will be the developer and plant operator, and Southern will be a co-owner of the plant.

Duke had previously announced plans to pursue the development of a new nuclear plant, but the site had not been identified. Now Duke plans to proceed to prepare an application to the Nuclear Regulatory Commission (NRC) for a combined construction and operating license (COL) for two Westinghouse AP1000 reactors to be built at the Cherokee County site. The COL is scheduled to be submitted to the NRC by early 2008.

Last week Southern announced another joint proposal with Tennessee Valley Authority (TVA) whereby the two companies would jointly pursue the construction of two new nuclear reactors at TVA's Bellefonte plant site near Scottsboro, Alabama. The Bellefonte plant would also incorporate the AP1000 design, which includes a generating capacity of approximately 1,100 MW. Similarly, Southern has selected the AP1000 for two new reactors at its existing Plant Vogtle, located in Georgia.

The AP1000 reactor incorporates passive safety features that rely upon natural forces. The NRC approved the Design Certification for the AP1000 standard nuclear plant design on December 30, 2005. Since receiving NRC approval, the AP1000 is leading other reactor vendors and has also been selected by Progress Carolinas, SCANA and Santee Cooper as the basis for additional COL applications to construct new nuclear reactors.

Duke continues to evaluate the preparation of early site permit (ESP) applications for locations in Oconee County, S.C., and Davie County, North Carolina.
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