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DENVER, CO– House Speaker Alec Garnett, D-Denver, today released the following statement after Xcel Energy released details of its Clean Energy Plan.
“Two years ago, the legislature acted boldly to require utilities to reduce dangerous emissions that are threatening our planet–it’s good news for Colorado that Xcel Energy will exceed the ambitious targets we set,” said Speaker Garnett, D-Denver. “Building back stronger means leaving our state better off for future generations by protecting public health, our economy and our Colorado way of life. By meeting and exceeding their targets for emissions reductions, utilities will help make significant progress toward reaching our climate goals, proving that Colorado can make important investments in renewable energy and meet consumers’ energy needs.”
In 2019, the General Assembly passed SB19-236, which required utilities to file a clean energy plan outlining how they will reduce their greenhouse-gas emissions by 80% by 2030 and 100% by 2050.
Today, Xcel announced that it will reduce carbon dioxide emissions by 85 percent by 2030 from 2005 levels and will provide customers with more than 80 percent renewable energy by 2030. The company’s clean energy plan would exceed the targets set out in statute and, according to the company, will not result in any layoffs at facilities impacted by the plan. Xcel also announced that it will continue to partner with union leaders and communities impacted by facility closures and that they are collaborating to explore clean technology and redevelopment opportunities in areas.