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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

New Hampshire Electric Rates to Drop 10 Percent

LCG, March 29, 2001Customers of Public Service Co. of New Hampshire will see a 10 percent reduction on their electric bills when the state's electric deregulation plan finally begins on May 1, the company said yesterday.

PSNH, with 430,000 customers, is the largest utility in New Hampshire. The May 1 starting date for deregulation was arrived at after major credit rating agencies said the utility would be able to market the stranded cost bonds necessary for the rate cut.

The 10 percent rate cut is on top of a 5 percent reduction that took effect last fall, giving consumers an overall cut of 15 percent..

As part of the deregulation plan, PSNH customer will, beginning May 1, have the option of choosing an alternative supplier of electricity. The utility will continue to deliver the power and bill for it. Residential and small business customers will have a transition period of two years and nine months to switch suppliers. Those who don't switch will be provided with standard offer service and prices.

PSNH will no longer own generating assets, including its interest in the Seabrook nuclear plant, but Gary Long, president and chief operating officer, does not see the supply problems that led to the collapse of California's deregulation scheme.

"Looking forward, our region has a good supply of power, and more plants are under construction. We also have a healthy diversity of power facilities using various fuels," Long said. "As the competitive market develops, I am confident we will avoid the sort of supply crisis which is affecting California."

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