WCCO EYE4 LOGO WCCO Radio wcco-eye-green01, ww color green

Local

Xcel Blamed For Cost Overruns At Monticello Plant

View Comments
(credit: KAREN BLEIER/AFP/Getty Images)

(credit: KAREN BLEIER/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know From 09/01
  2. Patty Wetterling Asks Son's Abductor 5 Questions
  3. Vacuum Salesman Eats Pasta From Subway Floor
  4. Bar Abilene In Uptown Closes
  5. Viral Vid Of The Day: Stuffed Dog Scares Real Dogs

MINNEAPOLIS (AP) — An investigation by Minnesota utility regulators blames Xcel Energy Inc. for major cost overruns during a project to upgrade its nuclear plant in Monticello.

Xcel disagrees that it’s to blame.

Reports say experts hired by Minnesota utility regulators found Xcel managers didn’t fully plan for the job and didn’t have adequate oversight. The investigation also found Xcel misleadingly blamed the U.S. Nuclear Regulatory Commission for some costly delays.

The project rose from an estimated $320 million in 2008 to $665 million when it was completed last year. The final cost could reach $748 million.

The utility is asking regulators to have ratepayers pay for the cost of the upgrade.

Xcel will file a reply to issues raised in the investigation next month.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,824 other followers