Xcel Energy proposes $15 billion plan to add renewable energy to its system
Xcel Energy proposed a $15 billion “preferred plan” to add an “unprecedented” amount of renewable energy to its grid over the next seven years that would double the amount of renewable energy on the system.
The company’s Clean Energy Plan, submitted to the Colorado Public Utilities Commission Tuesday, shows Xcel could add $10 to the average residential customer’s bill by 2030.
The company said in the plan it wants to take advantage of $10 billion in Inflation Reduction Act tax credits to reduce costs to ratepayers, but it’s unclear where the other $5 billion will come from. Xcel did not respond to a request for clarification before press time.