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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

FERC to Require Derivative Reporting

LCG, October 10, 2002The Federal Energy Regulatory Commission announced yesterday that certain companies in the electricity industry will be required to release annual reports on derivatives.

Earlier this year Californian officials asked legislators for disclosure of over-the-counter derivative trading, but the pre-Enron request was unsuccessful.

Now FERC has decided that public utilities and pipeline companies will be required to report their derivative values once a year. However, independent and affiliated power and natural gas companies will not be affected by the rule. FERC is still considering whether or not such companies will be allowed to avoid specific regulations.

The new reporting rule will be applied in 60 days.

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