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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

Shareholders Okay FPL-Entergy Merger

LCG, Dec. 18, 2000--Shareholders of FPL Group Inc. and Entergy Corp. approved at separate meetings Friday the merger of their two companies, a combination that will serve more than 6.3 million customers in the U.S. Southeast.

Though billed as a "merger of equals," the transaction is an acquisition of Entergy by FPL. FPL chairman James L. Broadhead will be chairman of the new company while Entergy chief executiveWayne Leonard will be president and chief executive officer. The 15-member board will consist ofeight members from FPL and seven from Entergy.

About 99 percent of Entergy shareholders who cast votes favored the marriage, as did some 97 percent of FPL's. The deal, which requires approval by federal, state and local agencies, is expected to be completed in about a year.

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