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Regulators rip Xcel's proposed $650 million deal for Mankato power plant
Star Tribune: Xcel Energy’s proposed $650 million purchase of a gas-fired power plant in Mankato has run into strong opposition from two state agencies concerned about its potential impact on ratepayers.
Minneapolis-based Xcel in November announced its intent to buy the large power plant from Atlanta-based Southern Power. Xcel currently buys electricity from the Mankato plant on a long-term contract. The company says owning the facility would entail significant savings for ratepayers and would help preserve electric grid reliability.
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