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Posted inBusiness, Climate, Economy, Energy, Environment, News, Politics and Government

Closing all of Xcel’s coal-fired power plants will cost Colorado consumers $1.4 billion

The price tag for Xcel Energy closing all its Colorado coal-fired plants will be $1.4 billion spread over decades — a sum that will be paid exclusively by the utility’s residential and commercial customers. The closure estimates and their financing are part of the $8 billion electric resource and clean energy plan submitted last month […]

Posted inBusiness, Climate, Energy, Environment, News

Xcel plans to double its renewable energy generation by 2030. It’ll cost consumers $8 billion to do it.

Xcel Energy will spend $8 billion to double its renewable energy generation and storage and add new transmission lines, while closing all of its coal-fired power plants in Colorado by 2040. The initiative, unveiled Wednesday, would reduce Xcel’s carbon emissions in Colorado 85% from 2005 levels by 2030. A state law requires regulated utilities to […]

Posted inBusiness, Climate, Energy, Environment, News

Wind power cut Xcel Energy’s carbon emissions last year. But is the utility moving fast enough to meet goals?

Xcel Energy cut its carbon emissions by 5% in 2020 compared with 2019, in large part due to the addition of new wind generation, according to the company, Colorado’s largest electricity provider. Carbon emissions declined a record 12% in Xcel’s companywide service area, which includes Minnesota, North Dakota, South Dakota, Michigan, Wisconsin, Texas and New […]

Posted inBusiness, Climate, Energy, Environment, Health, News, Politics and Government

Three coal-burning power plants in Colorado face orders to close early. Their owners aren’t happy about it.

Tri-State, Xcel and Platte River Power had the closures slated for 2030. But Colorado air quality regulators say it must be done earlier to meet greenhouse gas targets. Colorado air quality regulators on Friday moved to order three coal-fired power plants to close by the end of 2028 to cut regional haze and meet Colorado […]

Posted inBusiness, Energy, Environment, News, Politics and Government

We now know how many billions of gallons of water Colorado will save by closing coal-fired power plants

The closing of 30 coal-fired generating units across the West – including 10 in Colorado – could free-up more than 76 billion gallons of river and groundwater a year in the increasingly parched region, although utilities appear cautious about giving up their water rights. An analysis by the Energy and Policy Institute, a non-profit, utility […]

Posted inBusiness, Energy, Environment, News, Politics and Government

Colorado Springs will shut down its two coal-fired plants by 2030. Now it’s time for Xcel to do the same, environmentalists say.

The Colorado Spring Utilities board on Friday voted to close one of its coal-fired plants in 2023 and the other in 2030 – leaving Xcel Energy, the state’s biggest electricity provider, with the few remaining large coal-fired plants in the state slated to run beyond 2030. Martin Drake Power Plant, in downtown Colorado Springs, will […]

Posted inBusiness, COVID, Energy, Environment, News, Politics and Government

Larimer County coal-fired power plant will close 16 years early as Colorado speeds move toward renewable energy

Platte River Power Authority will shut down the coal-burning unit at its Rawhide power plant in 2030, 16 years ahead of schedule, to try to make good on promises to provide its customers with 100% carbon-free electricity. This leaves just a few large coal-fired electric plants in Colorado without retirement dates in the near future. […]