Excelsior Energy aims to build gas-fired power plant - Bring Me The News

Excelsior Energy aims to build gas-fired power plant

Author:
Publish date:
Social count:
0

A company that spent more than $40 million in state and federal taxpayer money on a coal-gasification power plant that was never built, has switched gears and secured property to construct a natural gas-fired facility, MPR reports.

Excelsior Energy on Wednesday bought a 240-acre plot of land near the small town of Taconite on the Iron Range at an Itasca County Sheriff's Auction, MPR reports.

The company paid $190,000 for the land, the Star Tribune reports. Excelsior is looking for potential customers, and for now, the company isn't ready to build without a purchaser for the power, CEO Tom Micheletti said in the newspaper.

Related

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.

Utilities commission OKs permits for revamped Iron Range power plant

The Minnesota Public Utilities Commission unanimously agreed permits issued to Excelsior Energy two years ago for a flexible-fuel power plant in the city of Taconite should suffice for the construction of the natural gas-fired power plant, the Duluth News Tribune reports. Opponents of the controversial project argued that the permits should not be approved without further review.

New law aims to bring solar energy to public buildings

A new $500 million bonding bill now signed into law includes an option for public buildings to take advantage of solar energy. Advocates say it will help state schools, hospitals, police stations, and other public buildings to install solar energy this year and into the future.

Next Up