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
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
“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
“For over 50 years, we have maintained, invested in and improved the
In addition to generating electricity for half a million homes, the
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
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Source: Xcel Energy