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.
When the big regional banker said it would stop financing fossil fuel operations, Craig residents started circling the wagons.
Pueblo is “poised to become the renewable energy hub for Colorado and likely the region.”
The plan calls for closing two older units at the Comanche Generating Station — one in 2022 and one in 2025. A third, newer unit would keep operating.
Companies like Xcel say they need to find additional ways to cover the costs of maintaining the electric grid. One solution could emerge from a Colorado pilot program.
With natural gas remaking the energy landscape, here's Colorado's remaining coal-fired power plants in one map.
When finished, the 900-acre facility will be home to 450,000 solar panels.