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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

CA Auto Fuel Price Investigation Yields No Manipulation

LCG, April 3, 2003California Governor Gray Davis ordered an investigation of the high cost of gas as prices spiked recently, to no result.

The California Energy Commission conducted a study of gas prices as the cost of gas went above $2 dollars a gallon.

According to Chairman William Keese, the price of crude oil and scattered refinery shutdowns were responsible for the high cost of gasoline.

According to the Commission, as the price of crude drops and as refineries go back to producing at full capacity, the price of gasoline is dropping a little, around a penny per gallon last week.

The commission did not find anything abnormal, although the study was conducted for only 15 days.

Meanwhile, the governors office noted that the first justification from the energy market players regarding the energy crisis of 2000/2001 was market forces. Governor Davis is not ready to lay the gasoline price investigation to rest yet.

Gasoline prices increased an average of $0.57/gallon in California between January 1 and March 15.

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