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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

Williams to Spin Off Communications Business

LCG, April 2, 2001The Williams Cos. board of directors on Friday made plans to spin off the company's Williams Communications affiliate, saying the move was a logical step toward boosting value for shareholders.

The Williams board said it would distribute as a stock dividend to the company's shareholders about 400 million shares of the Williams Communications stock it currently owns. The distribution will represent about 95 percent of the parent company's stake.

"Given our revenue growth, our solid financing plan, our fully operational network and our stablecustomer base, this spinoff, is the natural evolution of a business strategy begun in 1998, when were-entered the telecommunications space," Howard Janzen, president and chief executive ofWilliams Communications said in a statement.

Williams Communications has been on a roll, doubling its revenues over the past year and completing a 33,000 mile fiber optic network connecting 125 cities a year ahead of schedule. Among the users of the network are long distance telephone companies, Internet providers, all of the major news and broadcast services and more than 600 television stations.

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