Colorado Regulators Approve Xcel Renewable Buildout But Warn of Rising Costs
By: Mark Jaffe | The Colorado Sun
Colorado’s largest power provider is rushing to start before federal tax credits expire that could shave up to 50% from building expenses.
Aiming to get energy generation and storage projects started before federal tax credits expire, the Colorado Public Utilities Commission on Jan. 28 approved an expedited list of 1,700 megawatts of projects for Xcel Energy.
Still, the commission expressed reservations about the cost and operating efficiency of so many projects and wants more data and analysis.
“It doesn’t feel right to me,” PUC Chairman Eric Blank said. “I treat customer money like my own money. … I am looking for a little certainty that we are not going to deeply regret this.”
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