Xcel Retires First Unit at Coal-Fired Plant

January 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) said it has retired the first of three units at its coal-fired Sherburne County (Sherco) Power Station in Minnesota. The utility aims to exit coal generation by 2030 and transition to clean energy to reach 100% carbon-free electricity by 2050, with a goal of an 80% reduction by 2030.