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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

What Would Don Quixote Do?

LCG, February 28, 2006--The electric generating capacity from wind farms is growing at a phenomenal rate around the world. With 11,769 MW of new installed capacity from wind farms, the global capacity increased 43.3% in 2005, according to the Global Wind Energy Council (GWEC). The American Wind Energy Association (AWEA) recently announced that the U.S. added over 2,400 MW of wind turbine generating capacity in 2005.

On a global basis, the total value of new generating equipment installed exceeded $14 billion. GE Energy, one of the primary suppliers of turbines, announced yesterday that it delivered 1,346 wind turbines worldwide in 2005 and that its revenue exceeded $2 billion, representing an increase of over 200% relative to the prior year's total.

In the U.S., the development of wind generating capacity is becoming more attractive due for a number of reasons, including higher fuel and emission costs for natural gas-fired and coal-fired power plants and government policies that set renewable portfolio standards or provide financial incentives, such as the extension of the federal wind-energy production tax credit (PCT) in 2005.

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