The Latest: Colorado renewable energy plan OK'd amid doubts

0 Ratings

DENVER (AP) - The Latest on Xcel Energy's renewable energy plan for Colorado (all times local):

1:25 p.m.

Xcel Energy says it stands by its projections that its plan for increasing its share of renewable energy in Colorado will save consumers about $213 million by 2054, despite doubts among critics and at least one state official.

The state Public Utilities Commission voted 2-1 for the plan on Monday.

Bob Bergman, a member of the 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.

Alice K. Jackson, president of Xcel's Colorado system, said Tuesday the company followed the Public Utilities Commission's models in calculating the savings.

She says the commissioners found that Xcel's proposal was in the best interest of the company's customers.

___

12:15 p.m.

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

No comments found. Sign up or Login to rate and review content.