The transition from fossil-fuel generated electricity to renewables is proving tricky for Colorado’s largest utility.
Megan Gilman
Posted inBusiness, Climate, Energy, News, Politics and Government
Xcel Energy cleared to collect $500 million from Coloradans for storm, but regulators say it can’t happen again
The Colorado Utilities Public Commission on Wednesday gave Xcel Energy the go-ahead to collect a half billion dollars from its customers to cover the spiraling costs of natural gas during a winter cold snap in 2021 — but the commissioners weren’t happy about it. The commission lopped an $8 million penalty off the $509 million […]
Posted inBusiness, Climate, Energy, Environment, News
Xcel Energy wants consumers to pay $1B to shut down 5 coal-fired power plants. Regulators want more study.
The Colorado Public Utilities Commission on Friday balked at approving a billion-dollar price tag to shut down Xcel Energy’s five remaining coal-fired generating units — to be paid by customers — and instead is seeking more detailed financial analysis. The proposed closing costs were part of a settlement agreement between Xcel Energy, the state’s largest […]
Posted inBusiness, Economy, Energy, Equity, News
Xcel Energy to raise residential electric bills by 6.4% in April, two more rate increases loom
The average electric bill for Xcel Energy’s residential customers will go up $5.24 a month — a 6.4% increase — starting in April under a $182 million rate hike approved Wednesday by the Colorado Public Utilities Commission. The PUC voted 3-0 to accept the increase, which was agreed upon in rate-case negotiations that included the […]
Posted inBusiness, Climate, Energy, Environment, News, Politics and Government
Colorado rejects Xcel Energy’s attempt to extend the life of Pueblo’s coal plant by 12 more years
An agreement that would have locked in 12 more years of life for Xcel Energy’s troubled Comanche 3 coal-fired power plant was rejected by the Colorado Public Utilities Commission on Monday. All three commissioners voiced opposition to the deal, citing concerns over the plant’s reliability, the fact that early closure might be cheaper for consumers […]