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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

OTC Energy Derivatives Bill Introduced

LCG, July 12, 2002--Republicans and Democrats in the U.S. Senate have joined forces to introduce an over-the-counter energy derivatives trading bill.

Republicans Peter Fitzgerald, IL, and Richard Lugar, IN, and Democrats Dianne Feinstein, CA, Maria Cantwell, WA, and Tom Harkin, IA, introduced the bill yesterday in an effort to bring transparency to OTC energy derivatives trading.

Under this legislation, electronic exchanges would have to submit to reporting, disclosure, registration, and capital requirements. Previously online energy trading was not subject to regulatory oversight, according to the Commodity Futures Modernization Act of 2000.

Earlier this year Senator Feinstein had introduced a similar bill to increase transparency and provide oversight to OTC trades, but the bill was defeated. The new bill may see a better reception in the Senate, considering current federal trading investigations.

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