Xcel Energy invests nearly $450M to meet environmental regulations

The Minneapolis-based utility announced Thursday a nine-year plan to invest in changes to their Minnesota power plants in preparation for new federal regulations.
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The Minneapolis-based utility announced Thursday a nine-year plan to invest in changes to their Minnesota power plants in preparation for new federal regulations.

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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.

Xcel Energy profits slip nearly 10 percent

The Minneapolis-based utility reports first-quarter earnings of $184 million compared to $204 million in 2011. Xcel says the drop was expected because we had one of the warmest winters on record.

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.

Activists prod regulators on Xcel's retiring coal plants

Clean-energy supporters are demanding that the Minnesota Public Utilities Commission order Xcel Energy to better plan how it will retire the two oldest and dirtiest coal-fired power plants at its Sherco Generating Station, which produces electricity for the Upper Midwest, the Pioneer Press reports. Renewable advocates packed an all-day hearing Thursday at the commission. They say Xcel has failed to study how wind- and solar-generated energy might replace the Sherco units.