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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

Massachusetts Okays Electricity Rate Hike for 4 Utilities

LCG, Dec. 5, 2000--The Massachusetts Department of Telecommunications and Energy unanimously voted yesterday to allow increases of between 4 percent and 12 percent in the electric rates charged by three state utilities, despite the 1998 electric restructuring law that mandated a 15 percent rate cut.

Yesterday's decision affects customers of Massachusetts Electric Co., Fitchburg Gas & Electric Co. and Nstar Corp., the holding company for Boston Edison Co. and Cambridge Electric Light Co.

The amount of the increases for the companies depend on filings they will make later this week but are expected to be as high or higher than rate increase requests made in earlier filings.

Bob McLaren, a senior vice president of Mass Electric, said he expects the final rate effective on January 1 "may not be all that far off from what we'd asked for." The utility sought to raise the cost-of-power component of bills from 3.8 cents to just under 5 cents, which would translate to about a 12.3 percent total bill increase for typical householders.

Other increases sought for the standard-offer cost would raise generation rates at Boston Edison from 4.5 to 5.08 cents per kilowatt hour, Cambridge Electric from 3.8 to 4.45 cents, and Fitchburg from 3.8 to 5.112 cents.

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