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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

Entergy Expands Its Nuclear Footprint into the Midwest

LCG, July 13, 2006--Entergy Corp. announced yesterday that it has reached an agreement with Consumers Energy, the principal subsidiary of CMS Energy, to purchase the 798-MW Palisades Nuclear Plant, located near South Haven, Michigan, for $380 million.

Entergy's existing nuclear plants are located in the Southeast and in the Northeast. In the Midwest, Entergy currently operates the Cooper Nuclear Station, owned by Nebraska Public Power District and located in Brownville, Nebraska. Entergy also stated yesterday that it wants to expand its fleet of nuclear power plants in the Midwest and plans to consider buying Wisconsin Energy Corp.'s 1,012-MW, Point Beach Nuclear Power Plant, which is located north of Milwaukee, Wisconsin.

The purchase price for the Palisades Nuclear Plant includes $242 million for the plant itself, $83 million for nuclear fuel, and $55 million in related assets. Other elements of the agreement include: (a) Entergy selling 100 percent of the output from the plant (up to its current capacity) to Consumers Energy for 15 years; (b) Entergy assuming responsibility for future plant decommissioning, with Consumers Energy retaining $200 million of the current $566 million Palisades decommissioning funds balance and the later return of $116 million more pending a favorable federal tax ruling; and (c) Consumers Energy paying Entergy $30 million to take over responsibility for the spent fuel at the decommissioned Big Rock Point nuclear plant in Michigan.

Palisades will be the third nuclear plant owned by Entergy that utilizes the Combustion Engineering pressurized water reactor design. An application for a 20-year extension of the operating license was previously submitted, and Entergy anticipates approval early next year. The existing operating license expires in 2011.
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