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Xcel cutting back on nuclear electricity production

Xcel Seeks to Reduce Minnesota Nuclear Plan on Low Gas Prices, Bloomberg, 30 March 12,  Xcel Energy Inc. (XEL) (XEL ) is seeking to scale back an expansion of the Prairie Island nuclear plant following a drop in natural gas prices, a filing showed.

Xcel said it is now economical to increase production capacity at the two-reactor, 1,096-megawatt plant by 135 megawatts instead of the 164 proposed in 2008, according to a filing today to the Minnesota Public Utilities Commission.

Natural gas prices “have fallen dramatically” and energy demand will probably grow at a lower rate than projected four years earlier, the Minneapolis-based company said….

March 31, 2012 - Posted by | general

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