Colorado has strong wind and solar potential, and more studies, including an analysis released last month from Pacificorp, are finding coal plants are less economic than alternative fuel options. The Vibrant report comes a month after Xcel Energy, the state’s largest power provider, announced it would eliminate carbon emissions entirely by 2050.
The analysis concludes its proposed mix of cleaner resources would save Colorado electric customers roughly $2.5 billion in net present value through 2040.
“The key to unlocking these benefits is to create a legal framework that enables utilities to voluntarily retire the coal plants,” Blank said. “Otherwise, it could take years to negotiate or litigate utility cost recovery, replacement power costs and impact on local communities.”