The Colorado Public Utilities Commission (PUC) has approved up to 4,100 megawatts of new energy generation projects for Xcel Energy. The approval covers ten projects that include solar, storage, wind, and natural gas resources. A written decision from the PUC is expected in the coming weeks.
The projects were reviewed under a process called Near Term Procurement (NTP), Proceeding No. 21A-0141E. This expedited process was designed to allow stakeholders to take advantage of federal tax credits before they expire. In 2025, Congress passed the H.R. 1 Act, which established earlier expiration dates for renewable energy project tax credits.
Rebecca White, Director of the Public Utilities Commission, stated: “Today’s action locks in cost savings for Xcel customers as we work to replace aging coal plants and meet growing energy demand. This was an extraordinary effort on the part of multiple stakeholders to bring these projects forward quickly in order to leverage expiring tax credits and save ratepayers billions. The Commission, in turn, closely reviewed these projects on a very tight timeline to ensure the best mix possible for ratepayers.”
In September 2025, several groups—including the Utility Consumer Advocate, Colorado Energy Office, and staff from the Public Utilities Commission—collaborated with Xcel Energy to propose a set of projects for accelerated review by state regulators.
With this approval, about 3,200 megawatts in projects can move forward immediately; there is also potential for an additional 600–900 megawatts depending on future developments. Three of these approved projects will be located in communities affected by planned coal plant closures.
The commission’s action is part of a broader statewide initiative aimed at streamlining clean energy development while maintaining reliable and affordable service for consumers.
Further details about Proceeding No. 21A-0141E are available through E-Filings.
