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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

Mirant Buys Half of Avista Oregon Power Project

LCG, Oct. 24, 2001--Mirant Corp. and Avista Corp. announced separately this morning that they had signed a letter of intent for Mirant to acquire a 50 percent interest in a 280 megawatt power project being developed by Avista near Boardman, Ore.

The Coyote Springs 2 power project is currently under construction and is expected to begin commercial operation next summer. The natural gas-fueled, combined-cycle will be connected to the Bonneville Power Administration's transmission system.

Mirant said the reason for its investment was to expand its generation capacity in the pacific northwest, while Avista said the sale was to save money, though precise financial details were not disclosed.

The two companies will share equally in the costs of construction and operation of the plant and will jointly own the project. They also will share equally in the marketing of the plant's output.

Avista said it has already spent about $140 million on the facility, which has an estimated total cost of between $180 million and $190 million. The company is making an effort to reduce capital expenditures by more than $50 million by the end of next year.

The companies said the deal is expected to close by the end of this year.

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