Opinion | Xcel’s latest plan is a bloated commitment to maintaining big, outdated, centralized fossil fuel generation for far too long.
The Public Utilities Commission will decide soon on Xcel’s plan. It’s difficult for the Commission to keep up with a large corporation of attorneys and donors protecting millions in profit. The PUC has allowed Xcel profits to go up and up despite flat sales. It’s a good business if you can get it!
The last century’s model of big central generating plants and distant transmission lines is more vulnerable to outages in increasingly extreme weather. Coloradans will be better served by planning for and investing in more distributed solar and storage, local ownership, incentives for demand management, and charging when renewables are available – during the day in sunny Colorado – all economical approaches. Solar and storage are assets that Coloradans want to own.
We need the PUC to better regulate Xcel starting now. Likely we need an actual public service company in Colorado, a non-profit consumer-owned power authority, keeping investment and income streams here in Colorado, where they circulate in our local and state economy, instead of mining our pockets to send to Wall Street.We can do this. It’s time for candidates and elected officials to stop taking money from Xcel.
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