Xcel Energy’s Upper Midwest Energy Plan outlines how we’ll aggressively reduce carbon emissions, on our way to achieving our vision to provide all customers with 100% carbon-free electricity by 2050.
Under the Upper Midwest Energy Plan, we would continue leading the clean energy transition by closing all of our coal units in the Upper Midwest a decade ahead of schedule, ensuring reliable, affordable energy by extending the use of nuclear energy at our Monticello plant, strategically using cleaner natural gas to ensure reliability, and increasing wind and solar energy.
We first filed our Upper Midwest Energy Plan with the Minnesota Public Utilities Commission on July 1, 2019, and we filed a supplement to our plan on June 30, 2020. We’ve worked with stakeholders for more than three years to refine this plan, and the process has led to the development of an alternate plan we proposed on June 25, 2021. We are recommending the Public Utilities Commission consider our new alternate proposal, which would add significant wind and solar and lead to greater carbon reductions at a lower cost to customers, compared to the plan we proposed in 2020. On Sept. 1, 2021, we filed a Certificate of Need with the Minnesota Public Utilities Commission as the next step in seeking regulatory approval to extend the use of the Monticello nuclear plant until at least 2040, as we continue to transition to a carbon-free future.
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