EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Power Auction Nets Alberta $1 Billion Canadian

LCG, Dec. 7, 2000--An Alberta power auction of about 2,000 megawatts of firm capacity has produced $2.3 billion Canadian ($1.5 billion U.S.) as buyers rushed to sew up electricity supply ahead of the province's deregulation of its electric industry.

After the cost of producing the power is deducted, the province will have about $1 billion Canadian ($650 million) to share with ratepayers, as a balm for their paying that much for power.

The Internet auction took place on Monday and Tuesday, with the results released yesterday afternoon. Those results were a surprise when compared to an auction of 4,249 megawatts last August, which grossed $1.15 billion Canadian ($745 million).

Alberta Resource Minister Mike Cardinal said the high prices are a result of tightening demand, adding that he expects prices to ease in 2002 and 2003 as more generation capacity is built. He confirmed that the government will distribute some of the proceeds to power users to ease the pain of the high prices paid for power in the auction.

Dan Macnamara, president of the Industrial Power Consumers Association, said the high price paid for power -- more than $120 Canadian ($78) per megawatt-hour versus the $40 Canadian ($25) his customers are used to paying -- was a disaster.

"We have now set a very high level of wholesale prices in Alberta. The result is going to be more than a doubling of everybody's bills," he said.

Most of the buyers in the auction were Macnamara's members -- large companies purchasing firm power for their own use. The higher power cost will be passed along to their customers in the form of higher prices for the goods and services they sell.

Last week, Alberta Premier Ralph Klein's government capped residential, farm and small business rates for 2000 and ruled out rate surcharges for those customers in 2001.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service