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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

Newsmakers

James M. Clarke has been appointed vice president for risk management and capitalallocation by Nisource Inc. Most recently risk management officer for the company, he will assume the additional responsibilities of enterprise-wide capital allocation as Nisource integrates its resources with those of Columbia Energy Group.James C. Collins has been named vice president for business development by Texas Independent Energy, a 50-50 joint venture of Panda Energy International Inc. of Dallas and PSEG Global Inc. of New Jersey. He was formerly a regional marketing executive for Louisville Gas & Electric Co.Byron T. Gannaway has been named vice president for fuels management by Texas Independent Energy, a 50-50 joint venture of Panda Energy International Inc. of Dallas and PSEG Global Inc. of New Jersey. He most recently was director of fuels acquisitions with Panda. Fred E. Meisenheimer has been named vice president and controller by Atmos Energy Corp. He joins Atmos from Vartec Telecom Inc., a privately-held telecom services provider,where he was controller and responsible for all accounting and treasury operations.
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