Public Service Company of Colorado

Gross Dereliction of Duty at the PUC 0
- March 15, 2011
Under Colorado’s green energy production quota, also known as a Renewable Electricity Standard, the cost of acquiring renewable energy like wind and solar power is limited to 2 percent of annual electricity sales. The rules are very clear on this matter. According to the Public Utilities Commission’s Rule 3661(h)iv, “to the extent the RES plan
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In 2011, the New Energy Economy Will Cost Coloradans…0
- March 11, 2011
For all the ink that Colorado’s public officials have spilled on the subject of the New Energy Economy, there’s been little discussion of its cost. Ex-Governor Bill Ritter, for example, recently took to the pages of the New York Times to brag about his energy legacy. While he made an unsubstantiated claim about creating “thousands
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Xcel’s Green Energy Accounting: Even Worse than I First Thought 0
- March 9, 2011
In a recent post, I explained how Xcel maneuvers around the 2 percent annual rate cap on green energy spending. In a nutshell, the utility avoids the rate cap with accounting tricks that function to underestimate the cost of renewable energy and overestimate the cost convention energy. Thus, Xcel suppresses the annual “incremental cost” of
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Fact of the Day: Xcel’s Projected Revenues Far Exceed Projected Sales 0
- March 9, 2011
Through 2020, Xcel projects energy sales to increase an average of 1.1 percent annually, but it projects sales revenue to increase 4.7 percent annually, according to its 2009 Renewable Electricity Standard compliance plan. Why would revenue outpace sales by such a significant margin? The answer, of course, is that green energy costs more than conventional
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In Addition to Being Cost-Ineffective, Xcel’s Solar*Rewards Subsidy Is Regressive 0
- March 7, 2011
In addition to being cost-effective—even by solar power’s expensive standards—Xcel’s controversial Solar*Rewards subsidy program is also regressive. That is, it’s a subsidy for the rich, borne disproportionately by the poor. Elsewhere, I discuss how Solar*Rewards program, a far-too-generous subsidy for the installation of solar photovoltaic panels, became a political hot potato in Colorado (for a
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Preview of PUC Deliberations on Solar*Rewards Program 0
- March 4, 2011
At 11:00 AM this morning, the PUC will take up Docket No. 11A-135E, “In the Matter of the Application of Public Service Company of Colorado for Approval of a Reduction in the Standard Rebate Offer.” In less lawyerly terms, the hearing is on Xcel’s request to lower solar subsidies. The issue is a political hot-potato
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