Skip to main content

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.
  • Author:
  • Updated:
    Original:

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.

Next Up

u.s. attorney's office

St. Paul man sentenced for 2021 robbery spree

Warren Dean, 27, admitted to robbing seven St. Paul businesses in a span of three days.

FSmfYf0WABgrNhI

Stevens County may have been hit the hardest by Thursday storms

The entire county was without power after the storms blew through Thursday evening.

State Patrol

3 killed, 1 critical after trio of crashes in Minnesota Thursday

One person also faces life-threatening injuries in a crash that happened in Olmsted County.

Screen Shot 2022-05-13 at 1.25.08 PM

Mora woman saves pelican caught in fishing line for days

A birthday fishing trip shapes into a heroic tale.

Kelsey Peterson in the documentary, "Move Me."

Doc depicting MN dancer's journey with paralysis debuts at Twin Cities film festival

The film surrounds St. Paul-born Kelsey Peterson, who continues to pursue her passions in dance after being paralyzed from the chest down in 2012.

Milwaukee Ave

Gallery: Rare opportunity to own a home on historic Milwaukee Avenue

All the houses on the avenue front onto a pedestrian mall in south Minneapolis.

US Secretary of Defense COVID vaccine flickr

Minnesota's COVID-19 update for Friday, May 13

The next update will be provided Monday.

storm

Minnesota part of the top 2 hurricane force wind events since 2004

Photo above shows the ominous view in Marshall, Minnesota as a dangerous line of storms approached Thursday afternoon.

Screen Shot 2022-05-13 at 9.24.48 AM

DFL efforts to pass abortion, reproductive health bills blocked in Senate

The push to pass a slate of abortion and healthcare-related bills comes after a leaked Supreme Court opinion draft indicated Roe v Wade will be overturned.

Related

Environmental groups want Minnesota to prod Xcel Energy away from coal

Xcel Energy will soon need to purchase new pollution control equipment if the company wants to keep burning coal at its largest Minnesota power plant in Becker. Environmental groups want the state to order the utility to study alternatives to coal, especially solar and wind power.

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.

Federal regulators order Xcel Energy to make safety improvements at nuclear power plants

The Minneapolis-based utility needs to add more portable generators and pumps at both its Monticello and Prairie Island plants, in case of an emergency. The Pioneer Press reports the new requirements will cost between $25 million and $50 million.

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.

Opus to construct new headquarters for Xcel Energy

The proposed nine-story, 212,000-square-foot office building will be on the corner of Fourth Street and Nicollet Mall in downtown Minneapolis, across the street from Xcel's current headquarters. Minnetonka-based Opus Development Corp. plans to start construction in 2014, with occupancy expected in 2016.

Xcel Energy's profit jumps nearly 18 percent in third-quarter

Reduced operating expenses over the summer months helped boost Xcel Energy Inc.'s third-quarter earnings, Dow Jones News reports. The Minneapolis-based utility earned $398 million, up nearly 18 percent from $338.3 million a year earlier.