Xcel Energy Ready to Extend Life of Monticello Nuclear Plant

August 29, 2023--Researched by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) can now move forward with plans to expand storage for spent fuel at its Monticello power plant in Minnesota. Amid something of a nuclear revival, Xcel hopes to expand the plant's life.

The Minnesota Public Utilities Commission signed off on a request for the certification necessary to expand the capacity to store spent nuclear fuel at the plant. The request came as a result of Xcel's plans to extend the plant's operating life by 10 years, from 2030 to 2040.