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UPDATE 1-Xcel Energy's Monticello nuclear plant receives 20-year extension

ReutersJan 2, 2025 3:54 PM

Adds details in paragraphs 2-3

- Xcel Energy XEL.O said on Thursday it has received an approval from the U.S. Nuclear Regulatory Commission to operate its Monticello Nuclear Generating plant in Minnesota for an additional 20 years through 2050.

The company has also received an approval from the Minnesota Public Utilities Commission to extend operations through 2040 and said it would seek the state regulator's nod for the additional 10 years.

Monticello, together with Prairie Island Nuclear Generating Plant near Minnesota, provides nearly a quarter of the electricity Xcel Energy customers use in the Upper Midwest.

(Reporting by Seher Dareen in Bengaluru; Editing by Shilpi Majumdar)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))

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