Xcel Energy reaches agreement with Bechtel to provide engineering and construction services for Xcel Energy's nuclear plants
Clients Xcel Energy Inc.
Jones Day represented Xcel Energy in a Nuclear Services Agreement between Xcel Energy and Bechtel. Bechtel will manage all capital projects and the related workforce required to maintain and make capital improvements at two Xcel Energy nuclear power plants - the Monticello Nuclear Generating Plant and the Prairie Island Nuclear Generating Plant. Xcel Energy projects spending in excess of $200 million for capital improvements and maintenance of these nuclear facilities over the course of the five year term of the Nuclear Services Agreement.