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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

California DWR and CalPeak Rewrite Long-term Contract

LCG, May 3, 2002--San Diego's CalPeak, part of United Technologies Corp., has rewritten its contract with the California Department of Water Resources.

Last week California renegotiated 8 contracts, amounting to some thirty percent of long-term contracts written last year. In step with other energy companies, CalPeak agreed to reduce its 10-year contract with the DWR, slimming the price by $71 million to $332 million.

The DWR will buy from one fewer 48 MW peaker plants, according to the rewritten contract, so that the DWR will have 288 instead of 336 MW peak capacity from CalPeak.

Additionally, capacity payments, which guarantee supply, have been decreased by $750,000 annually for ten years.

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