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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

SEC Will Decide on Off-balance sheet Disclosure Next Week

LCG, October 24, 2002-The U.S. Securities and Exchange Commission intends to decide on a rule limiting companies' undisclosed transactions by next week.

The SEC will vote next week Wednesday on whether or not to require companies to disclose risk which otherwise would remain hidden to investors. Such off-balance sheet transactions may have been used by corporations like Enron to hide debt.

Off-balance-sheet disclosure would mandate that companies submit detail lists of short- and long-term financial obligations to the SEC at regular intervals.

A favorable vote will see the new disclosure rule implemented no earlier than 30 days after Wednesday in order to allow for public input.

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