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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

Oman to Privatize Power, Telecoms, Airport, Mail

LCG, Nov. 20, 2000--The Persian Gulf sultanate Oman plans to split up its electric industry into separate business and sell them to private investors, according to a report published Saturday in the Oman Observer.

Electricity and Water Minister Mohammad bin Ali al-Qetabi told the paper "It will involve the unbundling and corporatization of the ministry's existing activities into a number of separate generation, transmission and distribution businesses."

The Omani government would continue to own and operate the separate businesses until they were on a successful commercial footing before selling them off, Qetabi said. He added that the government was also in the process of privatizing its telecommunication business and its international airport and plans to sell of its postal service. The water sector would remain under government control.

Last week, Oman awarded to AES Corp. of the U.S. a $455 million, 400 megawatt project to build a private power plant in Barka and is expected to sign a concession agreement next month with a consortium of Omani and foreign companies to build a private power plant in Salalah.

PSEG Global Inc. of the U.S. and Royal Dutch/Shell are principal members of the Salalah group.

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