Xcel Energy (NYSE: XEL) stated in a report to the Minnesota Public Utilities Commission Monday that burning coal remains the most economical option at its 2,400 MW Sherburne County Generating Station in Minnesota, according to Minnesota Public Radio.
According to MPR, Xcel Regulatory Strategy Consultant Jim Alders said the company looked at alternatives, but burning coal remains the cheapest option at the facility until there is a greater cost for emitting carbon. Other options included building natural gas plants or using a combination of renewable energy and natural gas.
Alders said the company recognizes the discussion and debate developing over burning coal and climate change issues, and it is possible new policies could affect the units, MPR reported.
Xcel’s generation portfolio also includes various other sources of power generation. The company is the top provider of wind power in the U.S. and recently announced it is investing $1.8 billion in two nuclear reactors.
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