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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

Sierra Pacific to Sell Nevada Plant to Wisconsin Utility

LCG, Oct. 30, 2000--Sierra Pacific Power Co. will sell its 525 megawatt Tracy-Pinon Power Station near Reno, Nev., to WPS Power Development Inc., a sister company of Wisconsin Public Service Co., the Nevada utility's parent holding company said Friday.

WPS will pay Sierra Pacific about $250 million for the Tracy power plant, Pinon Pine and other smaller generation facilities. Under the agreement, Sierra Pacific will have the right to buy energy and ancillary services from WPS for agreed upon prices subject to a collar from closing of the agreement through February 2003.

The site includes the Pinon Pine Integrated Coal Gasification Combined Cycle project co-fundedby the U.S. Department of Energy as part of the Clean Coal Technology Program, Sierra Pacific said.

The sale of the generation assets is a regulatory condition of the merger of Sierra Pacific and Nevada Power Co., which was completed last year. The company said it intends to complete the sale and transfer of its remaining gas-, oil- and coal-fired Nevada generation assets next year.

Sierra Pacific said the transaction, which is subject to approval and review by various regulatory agencies, is expected to close by next June.

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