DENVER (AP) - Colorado regulators have approved Xcel Energy's plan to nearly double its share of renewable energy despite some doubts about the company's claims for how much money consumers will save.
The Denver Post reports the Public Utilities Commission voted 2-1 for the plan on Monday.
Xcel will retire two coal-fired electrical generating stations early and expand its solar and wind power. The company has said that will save consumers about $213 million by 2054 because renewables are getting cheaper.
Bob Bergman, a member of the Public Utilities Commission staff, told commissioners the $213 million is probably overstated and that most savings won't occur until after 2034.
Amy Oliver Cooke of the conservative Independence Institute think tank predicted the plan will increase electricity bills.
Xcel didn't immediately respond to a request for comment Tuesday.
Information from: The Denver Post, http://www.denverpost.com