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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

AEP Unit Planning to Sell Generation Assets

LCG, December 17, 2002-American Electric Power (AEP) unit Central Power and Light (CPL) has filed to sell all of its energy generation assets in order to retain stranded costs.

The company has filed with the Texas Public Utilities Commission, stating its plans to sell off all of $1.9 billion in electricity generating assets in preparation for stranded cost recovery. The company says that the sale will help in determining exactly how much its assets are overvalued in its books as compared to market price. CPL intends to seek stranded cost recovery in 2004.

CPL's assets include 4,241 megawatts of capacity, and shares of AEP have already risen a small amount due to the announcement.

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