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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

SMUD Announces Budget Plans- No Rate Hike

LCG, November 13, 2002-Sacramento Municipal Utility District(SMUD) announced its budget plans will increase its debt but will not involve retail rate hikes.

SMUD plans to increase its debt in part to pay for new plants. $200 million will go to the construction of a new plant, while $13 million will be put towards wind farm expansion.

Currently SMUD has a debt of $1.8 billion and expects to end the year with a debt of $2.11 billion.

The municipality asserts that it is in very good financial condition and hopes to take in $36 million in excess revenues next year to put into a preexisting emergency fund.

Other issues in its budget include a problematic solar program, which will cost more than previously expected and is forcing the municipality to decide between increasing spending on the solar project or retaining a robust emergency fund. The solar project involves installing 800 kilowatts of solar to some 150 homes and 6 businesses, although SMUD had an initial goal of providing 2,400 KW of new solar power in 2003.

The budget is only in draft form as yet; board members will begin its review this week in Sacramento.

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