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Colorado regulator raises Xcel Energy efficiency target by 25%

Jun. 21, 2018 3:50 PM ETXcel Energy Inc. (XEL) StockXELBy: Carl Surran, SA News Editor2 Comments
  • The Colorado Public Utilities Commission approves new energy efficiency targets for Xcel Energy (XEL -0.1%), raising them 25% above what the utility had requested in order to "provide increased benefits to customers
    and reduce the cost of utility investments."
  • XEL's Public Service Company of Colorado subsidiary is in the process of overhauling its Colorado energy mix, and earlier this month filed a proposal
    with state regulators to retire a pair of coal units and to add 1.8 GW of renewables.
  • If regulators approve XEL's clean energy proposal, it would take the utility's coal generation from more than 40% of its resources last year to less than 25% within a decade.

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