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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

Regulators Okay South Jersey Gas 19 Percent Rate Hike

LCG, Nov. 10, 2000--South Jersey Gas Co. said yesterday the New Jersey Board of Public Utilities had authorized an annual rate increase for natural gas of about 19 percent for the typical residential customer.

The company said a typical residential heating customer should expect to see a $152.29 totalannual increase, which is enough money to do something with.

The company pointed out that the increase only applies to the portion of the bill that represents the gas commodity and serves as a method to pass gas costs through to customers. South Jersey Gas said it makes no profit on the sales of the natural gas commodity itself.

" Over the last several months energy prices nationwide rose dramatically for most major fuel sources including oil and natural gas. This rate increase was necessary to recover the record wholesale natural gas costs we've already incurred and paid for on behalf of our customers. As soon as it is possible to reduce this rate we will file to do so," said Charles Biscieglia, chief executive of the gas company.

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