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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

TXU Acquires 51 Percent of German Municipal Utility

LCG, July 14, 2000--TXU Europe said yesterday that it will acquire a 51 percent interest in Stadtwerke Kiel, the municipal energy utility for the capital of Germanys Schleswig-Holstein province, for $215 million.

Stadtwerke Kiel serves about 250,000 electricity and gas customers in and around the city, which lies at south end of the Kieler Frde and is home to a major German naval base. The Kiel Canal connects the North Sea with the Baltic Sea.

Phil Turberville, chief executive of TXU Europe, said "We are delighted that this partnership hasbeen unanimously approved by the supervisory boards and the parliament, and we are veryencouraged by the support we have had from all parties, including the workers council and tradeunion."

Alan Wyatt, a TXU Europe senior vice president, said the acquisition "provides a very strongentry point for us into the German market."

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