Xcel Energy is proud to be part of the Minnesota community, and we are committed to helping our customers and our state recover from the economic impacts of the COVID-19 pandemic. As part of our response to the Minnesota Public Utilities Commission and Department of Commerce request for energy companies to help with job growth and getting the economy on track, we’ve proposed almost $3 billion in accelerated and incremental investments, one of the largest packages of energy investments in the state’s history. These projects would create an estimated 5,000 jobs across the state while keeping bills stable and advancing our clean energy goals.
We’re joining the Minnesota Public Utilities Commission and Gov. Tim Walz in their effort to help Minnesota recover from the recession. We’ve proposed almost $3 billion in accelerated and incremental projects that will create jobs, provide relief for customers and speed the clean energy transition while keeping bills low.
If approved, the projects would:
We proposed speeding up the addition of up to 460 megawatts of solar power next to our Sherco coal plant in Becker, Minnesota.
Rebuilding aging wind farms with the latest technology would ensure that customers continue to receive clean and affordable energy from high performing, economic wind resources.
We proposed to expand our current conservation programs, including rebates to provide direct rebate payments to customers.
Our proposal also outlines investments in transmission, distribution, gas distribution and electric vehicle infrastructure projects, including building electric vehicle charging stations for fleets and the public.
Note: All figures are subject to change and estimated over the lives of the projects unless otherwise noted.
As the Commission considers our proposal, we will continue working with the Commission and interested parties to move these projects forward quickly to help all Minnesotans.
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