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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

Peabody and ConocoPhillips Announce Kentucky Coal Gasification Project

LCG, December 18, 2008--Peabody Energy Co. and ConocoPhillips announced Tuesday a proposal to develop a coal gasification facility in Kentucky at a site previously targeted by Peabody for the Thoroughbred Energy Campus, a 1,600-MW, coal-fired power plant. An air permit application for NewGas was filed on Monday with the Kentucky Division of Air Quality.

With the announcement of the new gasification project, Kentucky NewGas, Peabody withdrew its air quality permit application for the Thoroughbred Energy Campus. A Peabody spokesperson stated, ?Given all factors under consideration, we believe that our coal-to-gas project would create the highest value....This project has multiple markets and uses for the product, including residential consumers, industrial customers and power plants."

The Kentucky Division of Air Quality expects the environmental review to require one to two years. Given an approved air permit, the companies will then determine whether or not to continue with the project. The construction period for the project is estimated to require four years.

Peabody has battled opposition from environmentalists regarding the Thoroughbred Energy Campus and the associated air permit for some time.
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