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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

Lay Pulls Out of Hearings

LCG, Feb. 4, 2002--Lawyers for Ken Lay, the former Enron chairman, issued statements Sunday that Lay would not participate in hearings on Capitol Hill that he had earlier been scheduled to attend.

The sudden announcement was based on the lawyers' perception that "judgments have been reached and the tenor of the hearings will be prosecutorial." A report requested by Enron's board also had lain blame on Lay for having failed to pay close enough attention to accounting practices stemming from the company's numerous outside partnerships.

Aides for committees that had scheduled hearings have been in contact with Lay's lawyers through today, while members of the committees, such as the House Financial Services Committee and the House Energy and Commerce Committee, voted in the affirmative to issue subpoenas. Sen. Byron Dorgan said he believed that statements by legislators were not the reason for Lay's absence. He said, "I think Ken Lay was looking for a door. I think the release of the Power report on Saturday evening is a devastating indictment of very serious problems inside that corporation."

The House Energy and Commerce Committee is scheduled on Thursday to conduct hearings with Andrew Fastow, the chief financial officer, and Jeffrey Skilling, the former chief executive. Only Skilling is expected to testify, while Fastow will likely invoke the Fifth Amendment.
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