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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

Calpine Receives Project Financing to Complete Metcalf Energy Center

LCG, February 3, 2005--Calpine Corporation announced yesterday that it had received a $100 million, non-recourse credit facility from ING Capital LLC and Bayerische Landesbank's New York operations to complete the Metcalf Energy Center, located in San Jose, California. Commercial operations of the 600-MW, combined-cycle power plant are planned to commence in June 2005.

Calpine stated that it will sell the entire output from the gas-fired plant to its wholly ownedsubsidiary, Calpine Energy Services, L.P., who in turn will sell power to large wholesale customers and into the daily energy market. The project finance facility will mature in July 2008.

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