Xcel Energy is retiring four coal plants early, and the Colorado Public Utilities Commission is weighing how it will recuperate its losses from customers.
After months of consumers sounding the alarm about high Xcel Energy bills, the seems to finally be listening to complaints about the company's lack of accountability and proposed price hikes as it considers how Xcel will recover the costs of closing coal plants in the coming years.
“Maybe this is a chance to change course a little bit from what's happened in the past,” commenter Paul Culnan said. “I hope you'll be forward-looking in that regard.” Decommissioning costs include the funds used to bring the plants to a safe shutdown and any environmental remediation that may be needed. Ratepayers regularly pay Xcel back for the depreciation of assets, but since these plants are being retired early, the company needs extra funds that won’t be paid back by the time they retire.
Ihle said that was ultimately a question best left for each specific retirement proceeding — but Blank pushed on. Pereira said stricter guidelines around cost estimation would be needed before the UCA would feel comfortable with such a PIM.
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