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Xcel Energy rethinks expansion of Prairie Island nuclear plant

The Minneapolis-based utility is asking Minnesota regulators to confirm the $310 million upgrade will benefit customers. Xcel says the project will take more time to complete and produce less power than originally thought. The company also says generating electricity with natural gas is more financially attractive because prices are at 10 year lows.
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The Minneapolis-based utility is asking Minnesota regulators to confirm the $310 million upgrade will benefit customers. Xcel says the project will take more time to complete and produce less power than originally thought. The company also says generating electricity with natural gas is more financially attractive because prices are at 10 year lows.

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Xcel Energy drops plan to upgrade Prairie Island nuclear power plant

Xcel Energy says spending nearly $240 million to boost the power output at its Prairie Island nuclear plant near Red Wing is no longer a beneficial deal for customers, the Star Tribune reports. The Minneapolis-based utility first raised questions with regulators about the $310 million upgrade in March.

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