Xcel Energy Proposes $15 Billion Plan to Double Renewables and End Coal Use in Colorado by 2030

Xcel Energy has filed a proposal with the Colorado Public Utilities Commission to double the amount of renewable resources on its system and improve transmission infrastructure to boost reliability around the state. The plan includes investment of up to $15 billion by 2030, ending Xcel’s use of coal-fired generation by 2030 and adding 628 MW of new gas capacity. The proposal would add 3,400 MW of wind resources, almost 2,000 MW of solar, and 1,170 MW of storage, and would reduce carbon emissions more than 80% by 2030. Xcel plans to add 19 MW of biomass capacity at the Hayden Generating Station to support the local community and workforce as we fully retire all Hayden coal units by the end of 2028. The utility anticipates Colorado regulators will make a decision on its proposal late this year.