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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

Progress Energy Carolinas Plans New Gas-fired Power Plant

LCG, October 30, 2007--Progress Energy Carolinas, a subsidiary of Progress Energy, announced plans yesterday to install a new, gas-fired power generating unit at its existing Richmond County Energy Complex south of Hamlet, North Carolina. According to the utility, the additional electric generating capacity is needed to ensure reliable service to its customers.

The existing station already includes 1,230 MW of gas-fired, electric generating capacity. With the additional capacity planned, Progress Energy also proposes to install over 60 miles of 230-kW transmission line between the Richmond County Energy Complex switchyard and a substation on Woodruff Street on Fort Bragg Army Base.

The target date for operations of the new generating unit and electric transmission line is mid-2011, and the estimated cost for the facilities is $700 million to $750 million . The projects will require approval by the North Carolina Utilities Commission, as well as the Progress Energy board of directors.

Both Progress Energy Carolinas and its affiliate, Progress Energy Florida, are also pursuing the development of new nuclear reactors, which would tend to reduce the carbon intensity (carbon emitted per megawatt hour generated) of the Progress Energy electric generation portfolio. Progress Energy Carolinas plans to build new reactors at Progress Energy's Harris Nuclear Plant in the Carolinas. Progress Energy Florida selected a site in Levy County, Florida near its existing Crystal River Energy Complex for the possible construction of a new nuclear power plant. Progress Energy has not yet made decisions on whether or not to proceed with the installation of any new reactors.

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