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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

Con Edison to Cut Power, Gas Distribution Charges

LCG, Nov. 29, 2000--Consolidated Edison Co. of New York said yesterday that it had agreed with state regulators on reductions in electric and natural gas distribution rates and stabilize steam rates. The electric agreement also increases protections for low-income customers, the company said.

The New York State Public Service Commission also gave its approval to Con Edison's pending merger with Northeast Utilities. About half of the merger-related savings that apply to Con Edison's electric customers -- some $18.5 million -- will be returned to those customers.

Under the electric portion of the agreement, the utility will extend its restructuring agreement from 2002 to 2003, adding about $1.5 billion of rate benefits to the $1.1 billion provided for in the 1997 agreement. The typical New York City residential customer will save about $50 per year.

Con Edison's gas customers will get a distribution rate cut that will save the typical residential customer about $90 per year.

"These agreements will provide significant long-term savings to our electric, steam and gascustomers," said Eugene R. McGrath, Con Edison's chairman and chief executive. "The agreements will also provide us with the financial capability to maintain and strengthen our service delivery systems in all of our operations."

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