Xcel’s plan to 2030: Close two coal plants, extend nuclear plant, add more solar

Xcel Energy plans to close two more coal-fired power plants several years early and exit coal generation in Minnesota by 2030, while at the same time extending the life of its Monticello nuclear plant by another decade to 2040.

The Minneapolis-based utility said Monday it also expects to more than triple the amount of its solar power generation by 2030.

The moves are part of Xcel’s long-term target of reaching carbon-free energy by 2050, a difficult task. “I don’t think any other utility in the nation has this aggressive of a goal,” CEO Ben Fowke said.

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