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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

Maine Approves Canadian Takeover of Bangor Hydro

LCG, Dec. 19, 2000--The Maine Public Utilities Commission yesterday approved the acquisition of Bangor Hydro-Electric Co. by Canadian utility holding company Emera Inc., the owner of Nova Scotia Power Inc.

Under the deal, Emera will acquire all of the outstanding common stock of Bangor Hydro for $205 million U.S. The transaction was approved by shareholders of the Maine utility in October.

Robert S. Briggs, president of Bangor Hydro, said he was pleased Maine regulators acted so rapidly. "Maine PUC approval is necessary in order to achieve the rest of the required approvals, and now we will focus our efforts on them", he said. "The sooner we close this merger, the sooner we can begin to realize the benefits for all parties."

Bangor Hydro said approvals still pending include the U.S. Federal Energy Regulatory Commission and the U.S. Securities and Exchange Commission. The processes for all necessary regulatory approvals are expected to be complete in the first half of 2001.

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