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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

Bush Budget Proposal Would Increase Renewable Spending

LCG, Feb. 5, 2002--Under the budget released by President Bush on Monday, the Department of Energy would receive 4.6 percent more funding in the 2003 fiscal year, while less would be spent on oil and natural gas research.

According to the preliminary numbers given by the administration, the overall energy budget would be $21.92 billion. Fossil research would be cut by 16 percent, or $93 million, leaving $494.2 million intact. Spending on renewable energy and energy efficiency would increase by 1 percent, to $1.312 billion.

New tax incentives as well as the continuation of current credits would provide $9.5 billion over ten years for the development of energy-saving technologies. One of the largest such credits is for wind and biomass power sources, at $1.9 billion. Other energy credits include $1.1 billion for energy produced from landfill gas, and $1.2 billion for investments in combined heat and power (CHP) systems.

Nuclear security program funding would be increased by 5.7 percent, or $433.2 million, for a total of $8.04 billion. The budget will be subject to Congressional approval, and would take effect Oct. 1, 2002.
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