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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

Enron Seeks Monopoly Exemption for Portland Utility

LCG, Oct. 7, 2002--Bankrupt Enron Corp., which owns the utility Portland General Electric (PGE) in the state of Oregon, has sought to have the utility made exempt from decades-old Public Utility Holding Company Act legislation barring monopolies.

Companies that conduct business in a single state may apply for such an exemption. A hearing will be conducted by the Securities and Exchange Commission on whether PGE meets this requirement.

One area to be examined is Portland General's 20-percent ownership of the Pacific Northwest Intertie, across which power flows between Oregon and California. The agency will try to determine how much revenue PGE earns from power deliveries at the Mid-Columbia trading hub.

Enron has put the utility up for sale, and a deadline for bids is set for November.
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