Xcel Energy's Colorado Energy Proposal Would Cut Carbon Dioxide Emissions By 85%
February 24 2021 - 2:15PM
Dow Jones News
By Chris Wack
Xcel Energy-Colorado said its upcoming Clean Energy Plan will
deliver its customers an estimated 85% reduction in carbon dioxide
emissions from 2005 levels by 2030.
The company said the plan will result in greater reductions than
required by Colorado law and will double renewable energy and
battery storage on the Xcel Energy Colorado system, providing
customers with electricity derived from about 80% renewable sources
while maintaining affordable and reliable energy service. In 2018,
Xcel Energy said it would try to have a carbon-free electricity
system by 2050.
The plan would add 5,500 megawatts of new wind, solar generation
and battery storage, and significantly reduce coal plant operations
by 2030, while retiring or repowering all remaining coal units by
2040.
Xcel said the plan should ensure grid stability and reliability
with flexible resources capable of operating around renewable
resources, as well as during times of extreme heat or cold.
Xcel Energy's Colorado said the plan should also help keep
customers' electricity bills low, with customer bill increases at
or below the rate of inflation.
The company said no layoffs are anticipated at any of the coal
plants affected by the plan, and the company and union leaders are
partnering to manage this transition through attrition, retirement
and retraining of employees.
The plan will go before the Colorado Public Utilities Commission
late next month.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 24, 2021 14:00 ET (19:00 GMT)
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