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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

FERC Approves Sierra Pacific-Portland General Combo

LCG, Nov. 22, 2000--The Federal Energy Regulatory Commission yesterday approved unanimously the application by Sierra pacific Resources Corp. to acquire Portland General Electric Co. from Enron Corp.

"FERC approval is a major milestone in Sierra Pacific's actions to acquire PGE," said Walter M. Higgins, chief executive. "This is a significant event for us, as well as for all of our customers, who will benefit from the efficiencies and combined success of merging our two companies."

Sierra Pacific said it has already obtained approval from the Oregon Public Utilities Commission and the U.S. Department of Justice. The only remaining approval must come from the U. S. Securities andExchange Commission, under the Public Utilities Holding Company Act. The transaction is expectedto close during the first quarter of next year.

In November 1999, Sierra Pacific announced its intent to acquire PGE, a utility serving about 720,000 electric customers in northwest Oregon.

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