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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

TVA Rate Proposal Meets Some Dissension

LCG, June 10, 2003--A group of electric power distributors served by the Tennessee Valley Authority (TVA) want a planned rate adjustment by the agency to apply to industrial customers the same way that it would to residential and small customers, whereas a February proposal by TVA suggested lowering industrial rates.

The TVA management staff have said that industrial customers have paid higher rates than they would in nearby states, so if industrial rates are raised, large businesses' competitiveness could be compromised, resulting in pressure to cut jobs. The industry group representing distributors has said that the reason for the planned 8.1 percent increase for wholesale residential rates, the installation of emission control equipment, does not justify the increase being applied to only some customer groups. Harold DePriest, the chairman of the distributors' trade group and president of EPB of Chattanooga, said, "If TVA is going to restructure its rates, then we think it needs to do a better job with its homework and a better job of communicating the need for this major philosophical change." The proposal outlined a 2 percent decrease for wholesale industrial rates.

A vote on rate changes will not be held until September. TVA's spokesman John Moulton said that while it was "disappointing" that the distributors did not take the same view of rates and industrial customers as TVA did, "We're very open to continuing discussions on these issues."

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