Xcel scraps plan for $800 million natural gas plant in Becker

Xcel Energy Inc. on Friday told Minnesota regulators that it planned to abandon the proposed $800 million natural gas plant in Becker, Minnesota, that was to have taken over for three coal-fired plants.

Instead, the Minneapolis-based utility said it plans to build two smaller natural gas plants — one in southwestern Minnesota, the other in North Dakota — that will be used only intermittently. Xcel (NYSE: XEL) also said it would invest more in solar and wind-power facilities.

“Our new plan…


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