Xcel Energy joins carbon dioxide reduction partnership

MINNEAPOLIS, Feb. 9, 2005 (BUSINESS WIRE) — To further investigate various strategies to reduce carbon dioxide emissions into the atmosphere, Xcel Energy has joined the Plains CO2 Reduction Partnership, which is coordinated by the Energy and Environmental Research Center at the University of North Dakota.

Carbon dioxide (CO2) is a byproduct of the use of fossil fuels in transportation, heating, industrial purposes and for electrical generation. The PCOR Partnership plans to develop projects to reduce the amount of carbon dioxide emitted into the atmosphere. The group will focus on techniques to sequester carbon dioxide in the soil or underground.

The partnership includes a diverse group of more than 30 public and private sector partners in nine upper Midwest states and four Canadian provinces, representing experts in agriculture, forestry, geology, engineering, economics, energy exploration and production, and the environment. More information is available on the group’s Internet site at: www.undeerc.org/pcor/.

The PCOR partnership is one of seven regional carbon sequestration research projects funded by the U.S. Department of Energy National Energy Technology Laboratory.

“We are serious about following a multi-faceted approach to addressing emissions of carbon dioxide,” said Xcel Energy Chairman and CEO Wayne Brunetti. “Joining the Plains Partnership is an approach that will dovetail nicely with our own carbon management policy and other carbon sequestration projects.”

Xcel Energy also participates in another of these regional partnerships in the Southwestern U.S., as well as a carbon sequestration tree-planting project in the Southern U.S.

Last April, Xcel Energy announced that it would reduce the intensity of carbon dioxide emissions per megawatt-hour of electricity generated by 7 percent by 2012. Reaching that goal will include tripling Xcel Energy’s current portfolio of wind-generated electricity, seeking license extensions for its two nuclear power plants and refurbishing several older fossil fuel plants to make them more efficient. The changes would result in a net reduction of 12 million tons of carbon dioxide by 2009.

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