Sunday, February 10, 2008

Xcel CEO Bullish on Renewable Energy

Xcel Energy (XEL) CEO Dick Kelly, to Forbes:
"Our intent is to push it to the max. Whether that's 20, 25 percent, 30 percent...I think nuclear needs to be part of the solution because it's carbon-free.

It'd be nice to have a policy at the federal level, a national policy, so we all know what the rules are and we all know how to play by them."

2 comments:

Tim Hurst said...

And I'm pretty bullish on Xcel Energy. They've done a lot in my state as well as yours to develop renewables very quickly. However, I am concerned by Dick Kelley's comment that "Nuclear needs to be part of the solution because it is carbon free."

I don't reject nuclear outright, but to argue that it is 'carbon free' is just plain misleading. I am certain there is some solid data out there that would draw a very different conclusion. The energy-intensive processes of mining, refining and transporting uranium, not to mention the construction of the reactor itself, are all highly carbon-emitting.

And I didn't even get into the water issue. :)

Maria Surma Manka said...

I agree on all points, Tim. Everything should be on the table as we figure out how to cut emissions, but we need to have an accurate conversation about it too.