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    coal investing

    Xcel Energy Focusing on New Coal-to-Gas Plan

    Investing News Network
    Oct. 22, 2010 08:26AM PST
    Industrial Metals Investing

    ABC news reports that Xcel Energy (NYSE:XEL)is moving forward plans to retire coal-powered generators intended to close by 2022 to 2017.

    ABC news reports that Xcel (NYSE:XEL) Energy is moving forward plans to retire coal-powered generators intended to close by 2022 to 2017.

    The story quotes as saying:

    As required by a new state law, Xcel Energy Inc. submitted a plan to substantially cut emissions to help the state meet foreseeable federal air standards by adding emissions controls at some plants, retiring some coal-fired units and switching some to run on natural gas. That plan wouldn’t have been fully implemented until 2022, when Xcel said it wanted to shut down the coal-fired Cherokee 4 unit in Denver.

    Click here to access the entire story.

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