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Xcel Energy Submits IRP to Provide Path to Achieve 100 Percent Carbon-free Energy by 2050

LCG, July 9, 2019--Northern States Power Company, doing business as Xcel Energy, submitted its 2020-2034 Upper Midwest Integrated Resource Plan (IRP) to the Minnesota Public Utilities Commission on July 1. Xcel Energy (Xcel) states that the IRP "charts the path toward achieving some of the most ambitious carbon reduction goals of any utility in the U.S. Specifically - we aim to reduce carbon emissions 80 percent by 2030, and provide 100 percent carbon-free energy by 2050."

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Interest in Eastern Offshore Wind Projects Rising

LCG, July 5, 2019--Two bills were introduced in the U.S. Senate last week to extend the federal Investment Tax Credit (ITC) for offshore wind energy. Federal subsidies, together with offshore wind technology advances and states' plans to increase renewables, may spur rapid investments in offshore wind.

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Industry News

Massachusetts Politicians Request Delay in SeaBrook License Extension

LCG, January 23, 2019--Two U.S. senators and a U.S. representative from Massachusetts jointly sent a letter to the Nuclear Regulatory Commission (NRC) last week opposing the NRC's decision to grant NextEra, the owner of the Seabrook, New Hampshire, nuclear power plant, a 20-year license extension and amendment later this month for the plant.

The NRC had recently announced plans to grant NextEra the extension of its operating license "on or about January 30," together with an amendment to the license regarding the presence of concrete degradation at the plant caused by alkali-silica reaction (ASR), which was discovered in 2009. The politicians requested a delay in the license amendment and renewal until after this summer's Atomic Safety Licensing Board hearing, which would include public input.

A NextEra representative stated, "Since 2011, the Nuclear Regulatory Commission has held more than a dozen public meetings, with the opportunity for members of the community to weigh in. Public meetings are an important part of the NRC's process, and we expect public conversations to continue. License renewal is important for protecting the role of Seabrook Station as a regional asset and a producer of clean, reliable and low-cost electricity for New England."

Commercial operations for the 1,250-MW pressurized water reactor (PWR) began in August 1990. The current license is due to expire March 15, 2030, and the license extension will enable carbon-free, electric generation from the nuclear facility into 2050.
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