Colorado approves Xcel plan to retire coal, shift to renewables and storage

By Catherine Morehouse, Utility Dive

Colorado’s Public Utility Commission (PUC) voted unanimously on Monday to give preliminary approval to Xcel Energy’s Clean Energy Plan, which would see the utility close 660 MW of coal-fired generation a decade earlier than scheduled and shift to renewable resources. Under the plan, Xcel will close units 1 and 2 at the Comanche Generating Station in Pueblo and invest $2.5 billion in renewable energy and battery storage. The utility expects the plan to save ratepayers $213 million. In January, the utility solicited notably low bid prices for wind-plus-storage, $21/MWh, as well as $36/MWh for solar-plus-storage, some of the lowest bids for renewable energy plus storage on record. Read more here.

Image credit: Flickr; Energy.gov

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