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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

Offshore Wind Farms Planned for Texas

LCG, October 4, 2007--The Texas General Land Office (GLO) on Tuesday announced that it had awarded the first four competitively bid leases for offshore wind power in the nation's history. The leases were awarded to Wind Energy Systems Technology, LLC (W.E.S.T.). Given positive results from planned meteorological testing, W.E.S.T. could install wind farms that would generate a minimum of 250 MW to 300 MW per lease. The state hopes to collect for its Permanent School Fund over $400 million over the 30-year lease period.

The offshore wind energy tracts are located near Jefferson, Calhoun, Brazoria and Cameron
counties and total 73,098 acres in size.

W.E.S.T. was the sole bidder and is currently developing a wind project eight miles off of the coast near Galveston, Texas.
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