It is sad that a corporation bets on nukes and not renewables and alternatives. Corporations are dumb and if they refuse to react to market changes then they shall be slain on their nukes…So be it.
Xcel Energy Fast-Forwards Minnesota Coal Plant Closures but Extends Nuclear Window
The utility struck a deal with environmental and labor groups in the Upper Midwest that will allow it to reduce its carbon emissions while easing job losses related to coal plant retirements.
Xcel Energy plans to close its last two coal-fired power plants in Minnesota by 2030, a decade earlier than scheduled, while keeping its nuclear power plants running through at least 2040 — the latest step in the eight-state utility’s plan to reach 100 percent carbon-free electricity by 2050.
The proposed early closures are part of its Upper Midwest Energy Plan, which Xcel expects to submit to the Minnesota Public Utilities Commission in July. If approved, it will allow Xcel to cut its carbon emissions in the state by 80 percent compared to 2005 levels. That’s a key metric from Xcel’s companywide zero-carbon goals announced in December, up from its previous target of 60 percent reduction from 2005 levels by 2030.
Monday’s announcement comes as part of a settlement agreement with environmental and labor groups, meant both to boost clean energy alternatives and help ease the job and economic losses when the Allen S. King coal power plant in Bayport, Minnesota closes by 2028 and the Sherco 3 coal-fired generator in Becker, Minnesota closes by 2030.
Under the agreement, Xcel would proceed with plans to buy the Mankato Energy Center natural-gas plant. But its plans to build a new natural-gas power plant, as well as extend the operating license of its Monticello nuclear plant past its 2030 expiration until at least 2040, are being opposed by some environmental groups.