The Minnesota-based company's operating license was approved by the U.S. Nuclear Regulatory Commission (NRC) on Monday. The approval allows the plant to operate through at least 2050, according to Xcel Energy, as long as it is also approved by state regulators.

The federal government has given Xcel Energy permission to continue operating its nuclear power plant in Monticello for another two decades. On Monday, the U.S. Nuclear Regulatory Commission

Xcel Energy has secured a 20-year license extension from the U.S. Nuclear Regulatory Commission (NRC) for its Monticello Nuclear Generating Plant, with the extended operation now awaiting approval from state regulators.

The U-S Nuclear Regulatory Commission is extending the operating license of the Monticello Nuclear Generating Plant for an additional 20 years.