Xcel Energy to Sell Mankato Energy Center, Net Gain on Sale to Support Corporate Giving ...
(WorldNews Business)

MINNEAPOLIS--(BUSINESS WIRE)--Apr 6, 2020-- Xcel Energy announced today it will sell the Mankato Energy Center, a natural gas-fired power plant, to Denver-based Southwest Generation for $680 million, and plans to use the net gain on the sale to fund its corporate giving efforts, including support related to COVID-19 recovery. The 760-megawatt plant will continue to provide electricity to the company´s Upper Midwest customers. `This is an unprecedented time, and we want to do our part to support our communities as we face the challenges brought on by the COVID-19 pandemic,` said Ben Fowke, chairman and CEO, Xcel Energy. `The Mankato Energy Center and its workforce provides essential services...