The Colorado Public Utilities Commission (PUC) has approved up to 4,100 megawatts of new energy generation for Xcel Energy. The approval covers ten projects that include solar, storage, wind, and natural gas resources. A final written decision is expected in the coming weeks.
These projects were reviewed under a process called Near Term Procurement (NTP), Proceeding No. 21A-0141E. This expedited review was designed to allow the state to benefit from federal tax credits before they expire. In 2025, Congress passed H.R. 1 Act, which set earlier expiration dates for renewable energy incentives.
Rebecca White, Director of the Public Utilities Commission, said: “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 organizations—including the Utility Consumer Advocate, Colorado Energy Office and PUC staff—joined Xcel Energy in proposing these projects for accelerated review by the Commission. With today’s approval, 3,200 MW will move forward immediately with an additional potential capacity between 600 and 900 MW.
Three of the approved projects will be located in communities affected by upcoming coal plant closures.
This approval is part of a larger state initiative aimed at speeding up clean energy development while ensuring reliable and affordable service.
More information about Proceeding No. 21A-0141E can be found at puc.colorado.gov through E-Filings.
