On Dec. 30, the U.S. Nuclear Regulatory Commission renewed the 53-year-old plant’s operating license, allowing it to keep generating power through Sept. 8, 2050. The plant is located about 40 miles northwest of Minneapolis, on the Mississippi River.

Monticello’s nuclear power plant will continue to provide the region with energy while helping to support the local economy over the next two decades, pending state sanction.

Xcel Energy XEL announced that it has received a renewal of its carbon-free Monticello Nuclear Generating plant’s operating license from the U.S. Nuclear Regulatory Commission (“NRC”). This should help the company support its clean energy vision.

The U-S Nuclear Regulatory Commission is extending the operating license of the Monticello Nuclear Generating Plant for an additional 20 years.

The Monticello nuclear power plant gained federal clearance to operate through 2050 — pending approval from state regulators — extending the life of one of two such facilities in Minnesota.

Xcel Energy has secured a 20-year license extension from the U.S. Nuclear Regulatory Commission (NRC) for its Monticello Nuclear Generating Plant, with the extended operation now awaiting approval from state regulators.

Xcel Energy (NASDAQ:XEL) said Thursday it will extend the operation of its Monticello nuclear plant in Minnesota, following the recent renewal of the plant's operating license by the U.S. Nuclear Regulatory Commission.

The US Nuclear Regulatory Commission (NRC) has approved the renewal of Xcel Energy's Monticello nuclear-generating plant’s operating licence, extending its operations by 20 years, to 2050. The extension is contingent upon receiving the green light from state regulators.