Xcel Energy (XEL) will extend the operation of its carbon-free Monticello Nuclear Generating Plant well into the future to support its clean energy vision, following the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission. The 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. Monticello’s continued operation will ensure that nuclear energy plays a foundational role in Xcel Energy’s transition to 100% carbon-free electricity. “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,” said Bob Frenzel, Xcel Energy chairman, president and CEO.
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