Friday, October 7 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Oct 03
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Colorado PUC approves first phase of Xcel clean energy plan including coal retirements, renewable push


    August 16, 2022 - Daily Energy Insider

     

      The first part of Xcel Energy-Colorado’s clean energy plan was approved by regulators at the state’s Public Utilities Commission (PUC) last week, setting the stage for the closure of Colorado’s last coal-fired power plant and renewable-sourced electricity for 80 percent of the company’s customers by 2030.

      Agreed to by 19 stakeholder groups, the settlement on this decision will see Comanche Unit 3, the last coal plant in the state, shuttered by Jan. 1, 2031, a full four years earlier than originally proposed. The first and second units at the same plant are already set for retirement by 2025. Moving beyond the status quo, the settlement called for significant emission reductions and air quality improvements to begin at the plant before 2025 if it is to continue operating at all.

      The plan also aligned Xcel more tightly with the GHG Pollution Reduction Roadmap advanced by the state. The roadmap, released last year, established milestones toward reducing greenhouse gas emissions: 26 percent by 2025, 50 percent by 2050, and 90 percent by 2050, all compared to 2005 levels. Xcel intends to deliver fully carbon-free electricity by 2050.

      “I’m enthusiastic about this plan to save people money and achieve faster pollution reductions while bringing new jobs to communities and investing in rural Colorado,” Gov. Jared Polis said. “The free market is driving the transition to clean energy in a way that will help people hold on to more of their hard-earned money, clean our air, achieve energy independence, and continue our state’s economic growth.

      All of this should also save consumers money. According to estimates from the Colorado Energy Office, coal costs approximately 4 cents per kW hour to use, while wind projects operate at less than 2 cents per kW hour and solar around 3 cents per kW hour. Additionally, Xcel stated that the new plan should allow it to reduce its carbon emissions by at least 85 percent by 2030.

      Making up for the loss of power from coal, the company will also add a series of resources by 2030 that will be determined through a competitive bid process. These include approximately 2,400 MW of wind, 1,600 MW of solar, 400 MW in energy storage, nearly 1,300 MW of firm dispatchable resources, and almost 1,200 MW of distributed solar resources.

      The post Colorado PUC approves first phase of Xcel clean energy plan including coal retirements, renewable push appeared first on Daily Energy Insider.


      The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.