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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

NRG Announces Plans for New Nuclear Reactors in Texas

LCG, June 22, 2006--NRG Energy, Inc. (NRG) announced yesterday plans to develop approximately 10,500 MW of new electric generating capacity in the United States, including 2,700 MW of new nuclear capacity. The plan would be implemented over the next ten years and would require a total estimated investment of $16 billion.

The plan calls for the construction of two nuclear reactors at the existing South Texas Project (STP) nuclear facility. NRG filed a letter of intent with the Nuclear Regulatory Commission on June 19 to add 2,700 MW of nuclear generating capacity. NRG's estimated construction cost for Units 3 and 4 is $5.2 billion, and operations for the two units are scheduled to commence in 2014 and 1015.

NRG's nuclear plans are based upon General Electric Company's Advanced Boiling Water Reactor (ABWR) nuclear power plant technology, which has been licensed in the United States, Japan and Taiwan. NRG stated that it intends to work with GE and Hitachi,(which has been involved in developing and constructing four ABWR plants in operation in Japan) to construct the nuclear power plants.

NRG's overall development plan calls for nearly 8,000 MW of new baseload capacity and 2,500 MW of new, highly efficient intermediate and peaking capacity. The new baseload capacity includes three coal-fired plants in the Northeast that will employ an advanced, Integrated Gasification Combined Cycle (IGCC) design. One of NRG's underlying strategies embedded in its plan is to add capacity adjacent to existing generating units to leverage existing infrastructure and generally minimize both incremental environmental impacts and costs.

NRG stated that the investments in new capacity will be underpinned by long term off-take contracts and hedges that support non-recourse project financing, together with third party equity partners and the Company's existing cash flows.

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