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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

Ex-Enron Trader Expected to Admit Fraud

LCG, October 17, 2002-A former employee with the West Power Trading division of Enron is expected to plead guilty to charges of fraud, according to a Reuters source.

Timothy Belden worked in Portland, Oregon during the California energy crisis and has been charged with conspiring to commit fraud.

Reportedly, Belden will plead guilty today to one count of conspiracy to commit wire fraud, an offense which in this case is related to the manipulation of California's electricity market.

He is expected to plead guilty in exchange for leniency as he will help government officials to investigate higher-level Enron executives. While Belden's lawyer has publicly contended that her client is not an upper level executive and was not acting out of greed, Senate committee investigators are of the opinion that Belden played an integral role in Enron's market manipulation strategies.

Belden's case is being heard in U.S. District court in San Francisco at noon.

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