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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

Peco, Unicom Combo Clears Final Hurdle

LCG, Oct. 20, 2000--The pending $7.8 billion merger between Peco Energy Co., the old Philadelphia Electric co., and Unicom Corp., parent holding company for Commonwealth Edison Co. of Chicago, has been approved by the Securities and Exchange Commission, the companies said yesterday in a joint release.

The combination will create one of the largest electricity companies in the United States, with 5 million electricity customers and annual revenues of more than $12 million. It will also create the world's largest non-government generator of nuclear power, with about 20 percent of the U.S. nuclear generating capacity.

The companies said they would complete paperwork with their respective states today and the new company, Exelon Corp., would begin trading on the New York Stock Exchange on Monday.

Peco's Corbin A. McNeill Jr., who will be Exelon's chairman and, with ComEd's John W. Rowe, co-chief executive, said predictable that the deal was good for customers, employees and shareholders. "Customers will gain the benefits of our combined resources and best practices, employees will have greater opportunities for career growth and shareholders will be invested in an industry leader."

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