Ute Peak Solar and Standard Solar want to see the plant built at a substation in western Montrose County.
The company said customers will save about $213 million by 2054 as renewable energy continues to get cheaper.
Xcel plans to buy two existing gas-fired generating plants in Colorado and add five solar farms and three wind farms.
Pueblo is “poised to become the renewable energy hub for Colorado and likely the region.”
A task force is expected to wrap up recommendations soon. Denver City Council will begin weighing the proposal by the end of June.
The renewable energy market in Colorado, and the nation, is strong and growing. Will it stay that way with a fossil-fuel-focused president?
Colorado ranks ninth nationally for solar jobs, according to a census by The Solar Foundation.
Most imported solar modules will face an immediate tariff of 30 percent, with the rate declining before phasing out after four years.
Colorado has nearly 200,000 homes powered by solar, and about 6,000 people working in the industry.
From 100 renewable energy goals, to electric cars and even the race for governor, green energy may be on the tip of our tongues this year.