The Colorado Public Utilities Commission (PUC) will hear an appeal tomorrow to part of Xcel Energy’s 2012-2013 Compliance Plan they approved in May. That plan sets forth how Xcel Energy (Public Service Co) would comply with Colorado’s renewable energy standard of 30% by 2020. Included in that is how the incentive money from Xcel’s Renewable Energy Fund derived from a 2% surcharge on customers’ electric bills will be allocated.
The approved plan cut solar generation by nearly 50% from 60 MW in fiscal 2011 to 36MW in 2012 and 2013. It also eliminated the up-front incentives homeowners and businesses used to offset the cost of installing solar on their roofs. In addition, it allocated the incentives based on the size of the project.