Xcel Energy Inc. is exploring the possibility of partnering with Oregon’s NuScale Power to run the small modular reactor plants the NuScale hopes to build.
Xcel Energy Inc. (Nasdaq: XEL) owns and operates two 1970s-era nuclear plants in Minnesota, and has previously expressed an interest in advanced reactors like NuScale’s.
NuScale said a memorandum of understanding between the two companies “does not include a formal operating agreement, but … creates a framework for negotiating definitive…