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."


Timothy B. 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.