Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
January 2, 2025

Xcel Energy’s Monticello Nuclear Plant Receives Federal Approval to Extend Operations

Newsfeed
Xcel Energy’s Monticello Nuclear Plant Receives Federal Approval to Extend Operations

20-year license extension supports today’s current energy needs and the transition to carbon-free electricity beyond 2025

January 02, 2025 10:30 AM Eastern Standard Time

MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy 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 (NRC).

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. “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.”

The plant’s license renewal comes as the result of a multi-year process, during which the NRC conducted numerous inspections, audits and reviews of all technical aspects of the plant to ensure it met or exceeded standards for safety, environmental impact and other considerations.

Xcel Energy plans to seek approval from state regulators to match the 20-year operating license extension at the federal level. The company has already received approval from the Minnesota Public Utilities Commission to extend operations at Monticello for the first half of this period, through 2040, and will return to the PUC to seek approval for the additional 10 years in the future.

“For over 50 years, we have maintained, invested in and improved the Monticello plant to ensure it can continue to deliver for the communities we serve,” said Chris Church, chief nuclear officer at Xcel Energy. “By extending operations at the plant, we are carrying this commitment forward, and at the same time renewing our investment in the community of Monticello and the surrounding region.”

In addition to generating electricity for half a million homes, the Monticello plant plays a significant role in the regional community and economy. The plant is Monticello’s largest employer and local taxpayer. Together with its counterpart near Red Wing, MN, the Prairie Island Nuclear Generating Plant, Monticello provides nearly a quarter of the electricity Xcel Energy customers use in the Upper Midwest.

Learn more about Xcel Energy’s nuclear generating plants.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on X and Facebook.

Contacts

Xcel Energy Media Relations
414 Nicollet Mall, 401-7
Minneapolis, MN 55401
(612) 215-5300
www.xcelenergy.com
[email protected]

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
January 2, 2025

Constellation Wins Record-Setting Federal Government Clean Nuclear Energy Procurement

NEXT ARTICLES
Home > Industry News
January 2, 2025

EQT Completes Non-Operated Asset Divesture

Comments are closed.
Related Post
October 22, 2024
Carbon Ridge closes $9.5mm for decarbonization of
November 28, 2024
Expand Energy Corporation Announces Expiration and Results
December 18, 2024
Copenhagen Infrastructure Partners and Google sign power
January 28, 2025
On.Energy Closes $77.6 Million Construction Credit Agreement

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.