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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

Texas Regulator Says Utilities Should Repay Dereg 'Windfall'

LCG, March 28, 2001--The top Texas utility regulator says electric utilities should surrender potentially multibillion-dollar windfalls that grew unexpectedly from the Texas deregulation law, according to a report in this morning's Fort Worth Star-Telegram.

"This one is pretty big," Pat Wood, chairman of the Public Utility Commission of Texas, said. Generated by disputed utility overearnings, the windfall could total between $4 billion and $7 billion, according to analysts. Their rough estimates put the average residential refund at between $450-$685.

Wood said the state legislature would have to provide leadership on the issue. "There are some changes of circumstance that do merit some guidance," he said.

In 1998, the PUCT set electric rates at a level that would allow Texas utilities to recover losses expected from deregulation, but those losses have failed to materialize and now some say they never will and the utilities may actually end up with gains when the state fully opens its electricity market to retail competition.

State Rep. Sylvester Turner, a Houston Democrat, has introduced legislation that would force Texas utilities to refund deregulation-based overearnings.

Utility officials say they probably don't owe anything but have asked regulators to wait at least until the deregulation process is over before figuring out the bill.

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