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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

Auction Plans Take Shape for Vermont Yankee

LCG, March 27, 2001Vermont Yankee Nuclear Power Corp. said yesterday it is moving forward on the planned auction of its 540 megawatt nuclear power plant in Vernon, Vt., and has retained New York investment bank J.P. Morgan Chase & Co. as financial adviser.

Vermont Yankee Nuclear Power had originally agreed to sell the facility to Amergen Energy Co. for $50 million, but when other nuclear power plants in the Northeast were sold at prices exceeding $1 billion, the Vermont Public Service Board rejected that deal and said to hold an auction.

Since then, other companies have expressed an interest in Vermont Yankee, including units of Entergy Corp., Dominion Resources Inc. and Constellation Energy Croup Inc. Amergen, a joint venture between Exelon Corp. and British Energy Plc, is still looking at the plant as well.

Vermont Yankee Nuclear Power said it expects a successful auction. "We have seen significant interest recently from potential auction bidders for the plant," chief executive Ross Barkhurst said.

Vermont Yankee generated about 80 percent of the power consumed in Vermont.

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