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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

Westcoast and Coastal to Disengage Joint Venture

LCG, Sept. 26, 2000--Westcoast Energy inc. of Vancouver, British Columbia, and Houston-based Coastal Corp. said yesterday that they would disengage their Engage Energy joint venture and split the assets. The move comes as Coastal and El Paso Energy Corp. finalize details of their merger, which is expected to close by the end of this year.

Engage Energy was formed by the two companies in 1997 as a natural gas and electricity marketing joint venture. The companies said Westcoast would keep the Canadian operations and an office in Michigan and will have the right to use the Engage name. Coastal will retain the U.S. operations.

The companies said they are working to ensure a smooth transition to maintain existing contractual relationships. The disengagement, which had been expected in light of the Coastal-El Paso deal, is expected to close by the end of the week.

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