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Minnesota PUC Approves Operations Extension for Xcel Energy's Prairie Island Nuclear Plant

LCG, August 15, 2025--Xcel Energy announced that the company received state approval yesterday from the Minnesota Public Utilities Commission to extend operations of the Prairie Island nuclear plant through the early 2050s. Prairie Island has two units that have a combined generating capacity of 1,100 MW. The units’ current operating licenses expire in 2033 and 2034.

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PGE Announces Addition of 475 MW of Battery Energy Storage Systems to Improve Grid Reliability and Costs

LCG, August 7, 2025--Portland General Electric (PGE) today announced the completion of three, four-hour lithium-ion utility-scale battery energy storage systems (BESS) in Oregon, adding 475 MW and more than 1.9 GWh of dispatchable capacity to serve the Portland metro area. Each of these BESS facilities can deliver power during peak demand or when other electric generating facilities are limited, which improves system flexibility, reliability and costs.

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Industry News

SWEPCO Announces $2.2 Billion Investment in Wind and Solar Projects

LCG, June 2, 2022--Southwestern Electric Power Company (SWEPCO), a subsidiary of American Electric Power (AEP), announced earlier this week plans to acquire three renewable energy projects with a combined capacity of 999 MW. The projects represent a $2.2 billion investment in carbon-free, electric generation resources that are expected to commence operations by the end of 2025.

SWEPCO plans to issue another request for proposal (RFP) in the near term for additional renewable energy consistent with the company's integrated resource plan (IRP) for its energy and capacity needs.

AEP’s chairman, president and chief executive officer stated, “This investment is another key step in SWEPCO's efforts to secure renewable, affordable energy and achieve a more balanced fuel mix. AEP remains focused on adding approximately 16 gigawatts of regulated renewables to our generation portfolio by 2030 and reaching net-zero carbon emissions by 2050.”

SWEPCO is seeking approval from regulators in Arkansas, Louisiana and Texas to acquire the 200-MW Mooringsport solar project in Caddo Parish, Louisiana; the 200.6-MW Diversion wind project in Baylor County, Texas; and the 598.4-MW Wagon Wheel wind project spanning Logan, Garfield and Noble counties in Oklahoma. AEP will file with the Federal Energy Regulatory Commission (FERC) for approval to transfer the projects from Invenergy following state regulatory approvals.

Invenergy is developing the three projects. Diversion is expected to reach commercial operation in December 2024, and Mooringsport and Wagon Wheel are expected to come online in December 2025.

SWEPCO's long-term plan calls for more than one-third of its Southwest Power Pool (SPP) accredited capacity to be satisfied with wind and solar resources. In February, SWEPCO announced plans to add 72.5 MW of solar energy through a power purchase agreement with the proposed Rocking R Solar project in northwest Louisiana.

SWEPCO and its affiliate, Public Service Company of Oklahoma (PSO), also own and operate the 1,484-MW North Central Energy Facilities in north central Oklahoma. The project includes 199-MW Sundance, 287-MW Maverick and 998-MW Traverse wind projects and is one of the largest wind facilities in the world.
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