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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

LG&E to Sell Interests in Three Small Virginia Plants

LCG, Dec. 4, 2000--The LG&E Power Inc. subsidiary of LG&E Energy Corp. said Friday that it has entered into an agreement with Virginia Electric & Power Co., a unit of Dominion Resources Inc., to sell its equity interests in three 70 megawatt coal-fired cogeneration power plants in Altavista, Hopewell and Southampton, Va.

LG&E said that under the agreement, the plant owners and Virginia Power may exercise their options during early 2001. If exercised, the purchase price will be a combination of cash and the assumption of the projects' contracts and debts. LG&E owns 50 percent of the projects, which began commercial operations in 1992.

An affiliate, LG&E Power Services Inc., will continue to operate the three facilities underseparate contracts with Dominion Virginia Power. Other owners of the projects are subsidiaries of coal company Westmoreland Energy Inc., which owns 30 percent, and Fourfold Cogeneration Corp., a subsidiary of Chrysler Financial Corp., which owns 20 percent.

"We continually look for ways to maximize the value of our assets," said George Basinger, LG&E Energy's senior vice president of independent power operations. "In this instance, it was clearly more beneficial to sell the plants than to retain them."

LG&E said the agreement "is subject to certain regulatory approvals."

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