Contributed report
Xcel Energy will extend the operation of its carbon-free Monticello Nuclear Generating Plant well into the future following the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission (NRC).
According to the press release, federal approval allows the plant to operate an additional 20 years, through 2050, provided the plant’s extended operation is also approved by state regulators.
“The Monticello plant has long been an essential source of clean, safe and reliable energy, powering more than 500,000 homes annually in the Upper Midwest,” Bob Frenzel, Xcel Energy chairman, president and CEO stated in the release. “As the only 24/7 carbon-free energy source we have, nuclear energy will be key to accelerating our journey to a clean energy future while ensuring we also meet the unprecedented growth in our customers’ demand for electricity.”