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“In the U.S., Xcel Energy is betting on new—and very big—power plants that use wind and solar for their energy sources. Xcel, Colorado’s largest utility, has millions of customers across eight Midwestern states, from Texas to Michigan, so any decision it makes has a big impact on the country’s energy strategy. The company says its move to renewables is a bottom line decision; it “expects to save tens of millions of dollars” in replacing two large coal-burning units with facilities fueled by renewable energy, reports the NY Times. Bids to build and operate the proposed power plants are so low that Xcel believes it can build and run them for less than it costs to keep the old, coal-burning power plants going. Projections are that Xcel will source over half its electricity from renewable sources by 2020, making it one of the cleanest large utility companies in the country.”

Read more from Triple Pundit on B:CIVIC Member Xcel Energy Here

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