2012 snapshot of New Energy Economy’s cost to ratepayers
The numbers are in, and they aren’t pretty. Four of the largest cost driving pieces of legislation enabling Colorado’s New Energy Economy cost Xcel Energy ratepayers nearly half a billion dollars in 2012 alone. Adding insult to injury, some of the electricity produced wasn’t needed in the first place according to a just released report […]
2012 snapshot of New Energy Economy's cost to ratepayers
The numbers are in, and they aren’t pretty. Four of the largest cost driving pieces of legislation enabling Colorado’s New Energy Economy cost Xcel Energy ratepayers nearly half a billion dollars in 2012 alone. Adding insult to injury, some of the electricity produced wasn’t needed in the first place according to a just released report […]
Colorado: Xcel’s cash cow
Last week Minnesota-based Xcel Energy announced that it beat market expectations with third quarter earnings increasing an impressive 18 percent. Colorado’s largest investor owned utility cited hot weather, rate hikes, and lower costs as reasons for its strong 3Q performance. Colorado (PSCo) outperformed all other Xcel subsidiaries with a 24 percent increase for the third […]
Colorado: Xcel's cash cow
Last week Minnesota-based Xcel Energy announced that it beat market expectations with third quarter earnings increasing an impressive 18 percent. Colorado’s largest investor owned utility cited hot weather, rate hikes, and lower costs as reasons for its strong 3Q performance. Colorado (PSCo) outperformed all other Xcel subsidiaries with a 24 percent increase for the third […]
Ugly numbers for Xcel ratepayers
Lobbying at the state capitol: According to January-April 2012 disclosure forms available on the Secretary of State’s Web site, Xcel Energy paid $126,393.90 for seven lobbyists at the state capitol. This included two lobbying firms and three Xcel in-house lobbyists. The highest paid was 5280 Strategies run by Mike Beasley, well-known Capital Hill insider and […]
Bill to increase renewable mandate dies
Good news for ratepayers in Colorado. Sources at the capitol tell me that SB 178, the disastrous legislation that would have increased Colorado’s renewable energy mandate, died today in the State Senate. More information to follow.
SB 178: sordid tale to increase renewable mandate
“One hundred nine days into a 120-day session you introduced major [energy policy] legislation,” Senator Steve King (R-Grand Junction) skeptically asked of SB 178 sponsor Senator Angela Giron (D-Pueblo). Sen. King’s skepticism is justified because SB 178 is a significant policy change that increases Colorado’s renewable energy mandate by 20 percent. Because renewable energy is […]
Will state legislature cave to Xcel and eco-left…again?
Colorado already has the most expensive electric rates of all neighboring states and the second highest in the Rocky Mountain West, with projections to go even higher in the near future. Now, a bill just introduced into the state senate threatens to make Colorado’s energy rates even more expensive. The following is a column from […]
Baker out at PUC
Public Utilities Commissioner Matt Baker is leaving the PUC to join the William and Flora Hewlett Foundation, a left-leaning non-profit, as “an officer in its Environment Program” foundation officials announced yesterday. Former Governor Bill Ritter appointed the environmental activist Baker in 2008, and his term had expired without current Governor John Hickenlooper acting to reappoint […]
Fix is in: Senator misses testimony, knows to vote with Xcel
Senator Betty Boyd, a democrat member of the State, Veterans, and Military Affairs Committee, was not present in the committee hearing for any of the testimony either for or against HB 1172, the carbon tax repeal. Yet she knew exactly how to vote — against electricity ratepayers, against the environment, and for Xcel Energy. According […]
Two decades is long enough for wind tax credit
If we had our way, there would be no tax subsidies of any kind for any energy resource. Since the wind production tax credit (PTC) is what’s currently being debated in Congress and on editorial pages across Colorado, we’ll address it. Below is our column that appeared originally in the Pueblo Chieftain on Sunday, March […]
HB 1172: Which House lawmakers put ratepayers above Xcel?
A “Yes” vote on HB 1172 “No imputed carbon tax” is also yes to ratepayers and “No” to Xcel Energy and global warming alarmists for whom cost of electricity is of no concern:
