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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

Dominion Resources to Buy Cleveland Company

LCG, Nov. 6, 2000--Dominion Resources Inc. said Friday its Dominion Energy subsidiary has agreed to acquire Cleveland Energy Resources, a provider of steam and chilled water to downtownCleveland, for an undisclosed sum.

The sellers are Cleveland Thermal Energy Corp. and Cleveland district Cooling Corp., both subsidiaries of an Ipalco Enterprises Inc. financial unit. Dominion Resources, based in Richmond, Va., said the acquisition will increase its presence in Ohio.

"Our goal is to provide downtown Cleveland with a source of economical and reliable steam andchilled water," said Thomas F. Farrell II, chief executive of Dominion Energy. "Dominion plans to expand this system to serve new construction and additional existing buildings downtown. We also plan to invest capital in the system to make it more efficient and reliable."

Upon acquisition the business will be known as Dominion Cleveland Thermal. It will serve 100customers in downtown Cleveland, including the City of Cleveland, Cuyahoga County andCleveland State University.

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