Brilliant! Big Utility to Retire Coal Plants & Reduce CO2 20% by 2020

In 2003, Xcel Energy estimated it would have to increase CO2 emissions from its power plants 20% by 2020 in order to meet customer demand. Yesterday, the company released a plan that is targeting a 20% reduction instead. The "+20%" turning into a "-20%" is a difference of 40%, to be accomplished over the next 12 years. Pretty neat trick. Xcel is no small company -- 3 million+ customers in 8 states, $10 billion in revenue -- and obviously has a thing or two to teach other utilities. It took four years of pressure from a coalition called Western Resource Advocates to move the company to think smart and act right -- and that includes retiring two dirty coal plants. This is not only big news in Colorado. It's a national story on the art of the possible -- for lawmakers in DC especially, in need of inoculation against the naysaying influence of the power industry lobby.
Just how is Xcel going to do its carbon magic? First, by using a woefully under-utilized resource: intelligence. The company figured it would be smart to align with the climate and energy goals of Colorado Governor Bill Ritter, and so they put together a series of small measures that add up to the bigger fix. What were they?
- Bring 1000 megawatts of renewable power online. Most of it will come from wind, as Xcel is already America's #1 wind power provider. By 2015, Xcel will be providing 20% of the electricty it sells from renewable sources.
- Cut demand for electricity by 700 megawatts through energy efficiency programs. That means the company will be helping its customers use less energy.
- Retire two older coal plants from active duty and replace them with a single natural-gas-fired facility.
The plan Xcel submitted to Colorado authorities so far promises only a 10% CO2 reduction by 2017, but it has committed to file its next plan ahead of schedule that will target a 20%/2020 reduction. Western Resource Advocates is still reading the fine print on the plan, but it doesn't seem like there any hidden dealbreakers.
You know how carmakers boast about how fast their cars can accelerate? Xcel's now got bragging rights for deceleration: +20 to -20 in 12 years. Which utility can top that? Step right up.











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