August 28, 2018 Read More →

Colorado regulators okay Xcel coal plant closure plan

Denver Post:

A plan by Xcel Energy Colorado to boost the share of power it gets from wind and solar and retire a third of its coal generation was green-lighted Monday by state regulators.

The Colorado Public Utilities Commission voted 2-1 in support of what Xcel calls the Colorado Energy Plan, which the company says will cut carbon dioxide emissions by nearly 60 percent, increase renewable energy sources to 55 percent of its mix by 2026 and save customers about $213 million.

As part of the plan, Xcel, Colorado’s largest electric utility, will phase out its Comanche 1 and 2 coal-fired plants in Pueblo about a decade earlier than the original target date of 2035. Xcel says the plan will invest $2.5 billion in eight counties and save customers about $213 million, thanks to the declining costs of renewable energy.

The commission is expected to issue a written decision approving the plan in the first week of September.

Xcel’s plan, filed in June, will significantly boost power from renewable energy sources and phase out 660 megawatts of coal power by retiring the two coal-fired units in Pueblo. The utility will add about 1,100 megawatts of wind, 700 megawatts of solar, 275 megawatts of battery storage and 380 megawatts from existing natural gas sources.

More: Colorado regulators green-light Xcel’s plan boosting renewables, cutting coal

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