Xcel says big reason it needs to spend millions on new projects is regional grid’s reliability risks
MARCH 4, 2024
The growing risk of unreliability and potential expense of buying energy on the open market is a big reason why Xcel Energy wants to make significant investments in its infrastructure.
The issue was underscored last month when the head of the regional electricity grid said there are “material, adverse challenges” in meeting energy needs during peak times, especially with severe storms becoming more frequent and intense.
In other words, Minnesotans need to rely on their own energy sources as much as possible, Xcel says.
