Xcel Energy, NuScale explore nuke plant operating deal

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…

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