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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

Judge Rejects PG&E Asset Transfer Proposal

LCG, Feb. 9, 2002--A plan by Pacific Gas and Electric Co. to transfer generating assets to its parent company, PG&E Corp., has been rejected by U.S. Bankruptcy Judge Dennis Montali.

The decision was issued Thursday evening. The regulated utility claims that the transfer of power plants, hydropower dams and transmission infrastructure to un-regulated status would allow them to earn higher, market rates. The proceeds, it has said, would be used to repay billions of dollars to creditors.

Montali found that, contrary to PG&E's arguments, bankruptcy law does allow California to prevent the transfer, and that federal law should not supersede state law. Many state laws would need to be overridden to enable the transfer.

Under PG&E's plan, PG&E Corp. would have paid $4.35 billion in cash and securities to the utility, and received assets worth $8.3 billion. A Justice Department representative who is taking part in the bankruptcy proceedings, Linda Stanley, said of the plan, "they seem to be transferring (out) more than the creditors are getting."

The judge set Feb. 27 as the date by which the utility will need to respond to another bankruptcy reorganization proposal, one put forth by the Public Utilities Commission. A spokeswoman for the PUC, Terrie Prosper, said "now there's not a viable plan on the table, so hopefully that leaves room for ours, which is better for consumers."

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