Xcel Energy to Cut Coal, Hike Renewables to Power Colorado (1)

Xcel Energy-Colorado plans to retire one-third of its remaining coal generation and bump up its renewable energy sources to 55 percent of its electricity portfolio in a plan filed with the state.

The company’s new power plan, filed June 6, invests $2.5 billion in eight Colorado counties, adding more than 1,100 megawatts of wind generation, 700 megawatts of large-scale solar generation, and achieving a 60 percent reduction in carbon emissions by 2026.

And the plan has a new element not included in a Clean Energy Plan stipulation it reached in August ...