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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

El Paso Says No "Round-Trip" Trades

LCG, May 20, 2002-Energy trader El Paso denied using the "round-trip" Enron memo trading strategy.

When memos were released relating Enron to electricity trading strategies designed to manipulate the California market, the Federal Energy Regulatory Commission ordered over a hundred energy companies to state whether they participated in any of twelve strategies.

Today El Paso Corporation, a natural gas pipeline and energy trading company, said that it did not participate in the "round-trip" trades, which involve selling electricity and then buying it back at the same price with the intent of increasing trading volumes.

Meanwhile corporations such as CMS Energy are facing multiple shareholder lawsuits after admitting to such trading practices. Reliant Resources also admitted to using "round-trip" trading, and Dynegy Inc. is under investigation by the Securities and Exchange Commission.

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