Thursday, November 4, 2010

Xcel Can Recover $44.5M In SmartGridCity Costs

http://cbs4denver.com/wireapnewsco/Xcel.Energy.can.2.1991085.html

DENVER (AP) ― An administrative law judge has recommended approving a settlement capping the costs Xcel Energy can recover from customers for its SmartGridCity project.

The project in Boulder is helping the utility see what a modern energy grid that distributes traditional and renewable energy would look like.

The utility's SmartGridCity costs have been rising, but Xcel, staff for the Colorado Public Utilities Commission and the Governor's Energy Office reached a settlement in which Xcel wouldn't try to recover costs above $44.5 million from customers statewide through electricity rates.

A judge last week recommended approving the settlement. If no protests are lodged within 20 days, the PUC will adopt the recommendation.

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