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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

Columbia Energy Sells the Last of its Generation

LCG, Oct. 11, 2000--Columbia Energy Group said this morning that it has agreed to sell the remaining generation assets of its Columbia Electric subsidiary to a joint venture between independent Delta Power Co. and John Hancock Life insurance Co.

Terms of the sale were not disclosed.

Columbia will sell its 50 percent interest in the Gregory Power Project, a 550 megawatt combined-cycle cogeneration facility near Corpus Christi, Texas, that provides both steam and electricity to an Alco alumina plant and sells excess electricity into the regional wholesale power market through a marketing agreement with Dynegy Inc.

The deal also includes Columbia's 50 percent interest in a 117 megawatt combined-cycle cogeneration plant near Pedricktown, N.J., that provides steam and electricity to PolyOne Corp. and excess power into the PJM market.

Also part of the sale is the company's 50 percent interest in a 47 megawatt unit that provides electricity to the City of Vineland (N.J.) Electric Utility and steam to the Progresso unit of Diageo Plc. A 10 percent interest in an 85 megawatt cogenerator in Rumford, Maine, is also part of the agreement.

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