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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

Shareholders Okay FPL-Entergy Merger

LCG, Dec. 18, 2000--Shareholders of FPL Group Inc. and Entergy Corp. approved at separate meetings Friday the merger of their two companies, a combination that will serve more than 6.3 million customers in the U.S. Southeast.

Though billed as a "merger of equals," the transaction is an acquisition of Entergy by FPL. FPL chairman James L. Broadhead will be chairman of the new company while Entergy chief executiveWayne Leonard will be president and chief executive officer. The 15-member board will consist ofeight members from FPL and seven from Entergy.

About 99 percent of Entergy shareholders who cast votes favored the marriage, as did some 97 percent of FPL's. The deal, which requires approval by federal, state and local agencies, is expected to be completed in about a year.

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