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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

Cinergy Invests in e-Biz Firm

LCG, July 6, 2000--Cinergy Corp. of Cincinnati said this morning that it would buy in two phases about 5 percent of the common stock in an e-business firm named Convergent Group. The first phase will be an investment of $10 million for an undisclosed number of shares in the dot-com company.A second phase will take place when Convergent goes public. At the time of its initial public offering, Cinergy will acquire the balance of its 5 percent stake at a discount to the IPO price.In addition, Cinergy has hired convergent to co-develop and put into effect a multi-tiered program focusing on customer service through which Cinergy will use the Internet to more effectively compete in the changing marketplace for energy.James Rogers, chief executive of Cinergy, said This strategic alliance will move us forward in creating the digital energy company of the future. Our equity investment in Convergent is an indication of our confidence in their business model, based on first-hand successes, and out commitment to investing in technology that reshapes our business.Rogers added that his vision is for a customer to be able to place a service request and have it transacted on-line without a human hand touching it of a human eye looking at it.We will try that the next time we need the gas man to come out an light a pilot light.
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