The company said the MPUC verbally approved the terms of the NSP-Minnesota Upper Midwest Resource Plan settlement on February 20, 2025. The plan was filed in February 2024, and the settlement was filed in October 2024.

1. 01

   The company said the MPUC verbally approved the terms of the NSP-Minnesota Upper Midwest Resource Plan settlement on February 20, 2025. The plan was filed in February 2024, and the settlement was filed in October 2024.

2. 02

   The company said the approved settlement terms include selection of the company-owned 420 MW Lyon County combustion turbine and the company-owned 300 MW 4-hour Sherco battery energy storage system. Multiple PPAs will proceed to the negotiation stage.

3. 03

   The company said it will add 3,200 MW of wind, 400 MW of solar and 600 MW of stand-alone storage by 2030 through RFP processes. It said about 2,800 MW of the wind is projected to use the Minnesota Energy Connection transmission line.

4. 04

   Xcel Energy said the approved settlement terms include planned life extensions of the Prairie Island and Monticello nuclear plants into the early 2050s. It said the MPUC ordered NSP-Minnesota to file a proposed tariff for super-large load customers, largely data centers, by July 15, 2025.

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Original filing

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