Xcel Energy’s ambitious plan to advance carbon reductions while continuing to deliver reliable energy and keeping customers’ bills low gained approval from the Minnesota Public Utilities Commission last week.
The company’s Upper Midwest Energy Plan includes significant new investments in battery energy storage systems, wind and solar power, and a natural-gas fired power plant, while extending the lives of Xcel Energy’s two carbon-free nuclear plants.
The agreement includes extending the use of Xcel Energy’s two carbon-free nuclear plants at Prairie Island and Monticello through the early 2050s.
Under the approved plan, carbon emissions reductions from 2005 levels are expected to exceed 80% by 2030, potentially reaching up to 88%.
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