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 will extend the operation of its Monticello Nuclear Generating Plant followed by the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission (NRC).

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