[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Add NWW headlines to your site (click here)

when your community is targeted

Get weekly updates

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Stripe

Donate via Paypal

Selected Documents

All Documents

Research Links


Press Releases


Campaign Material

Photos & Graphics


Allied Groups

News Watch Home

Xcel wants to make wind deal without Boulder 

Credit:  Article by: WENDY LEE , Star Tribune, www.startribune.com 18 August 2011 ~~

A month ago, Xcel Energy Inc.’s plans to acquire 200 megawatts of wind power to supply Boulder, Colo., as part of a new franchise agreement fell apart when the city and the Minneapolis utility couldn’t agree to terms.

Now Xcel says it wants to buy the wind power anyway.

“We realized that this was just too good a deal to pass up,” said Paula Connelly, Xcel’s managing attorney. “We were concerned that if we didn’t acquire it now, that in the future we might not be able to get wind at this price.”

The wind power would go toward Xcel’s Windsource program, where customers opt to pay more to get more renewable energy. Customers in Colorado, New Mexico, Minnesota and Wisconsin have used the program.

Xcel filed a request with the Colorado Public Utilities Commission on Thursday, outlining plans to buy wind power from Florida-based NextEra Energy Resources. The power was originally intended for Boulder, but negotiations on a 20-year franchise agreement between the city and Xcel fell apart last month.

Xcel said it’s eager to purchase the 200 megawatts because it believes it’s a bargain. The contract is about 40 percent cheaper than wind power Xcel contracted in 2009, Connelly said.

Xcel asked for approval from the Colorado Public Utilities Commission by Nov. 30. If Xcel receives the green light, NextEra will begin construction next year on wind turbines near Limon, Colo. The additional energy will bring Xcel’s wind power in Colorado to more than 2,100 megawatts on its system.

The proposed contract is dependent on NextEra receiving federal production tax credits, which requires turbines to be in production before the end of 2012. It’s possible the tax credit could be extended by Congress, but Xcel said in its filing it believes that’s unlikely.

Travis Miller, associate director for Morningstar’s utilities sector, said he wasn’t surprised that Xcel was acquiring more wind power.

“Xcel has been a leader and one of the largest wind suppliers in the country,” Miller said. “We think it has a good view of the renewable energy market and a large customer base that values renewable energy.”

Xcel said it will make another filing with the utilities board within 45 days to propose additional Windsource product offerings. Connelly said Xcel is exploring the possibility of giving longer-term Windsource contracts. In Colorado, nearly 12 percent of Xcel’s energy supply mix is made up of renewable energy.

“We believe in Colorado there will be a large demand for this wind energy,” Connelly said.

Source:  Article by: WENDY LEE , Star Tribune, www.startribune.com 18 August 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Stripe
(via Stripe)
Donate via Paypal
(via Paypal)


e-mail X FB LI M TG TS G Share

News Watch Home

Get the Facts
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.


Wind Watch on X Wind Watch on Facebook Wind Watch on Linked In

Wind Watch on Mastodon Wind Watch on Truth Social

Wind Watch on Gab Wind Watch on Bluesky