Colorado's big electric users could get a 30% discount on power under Xcel Energy's incentive plan

Colorado Sun
Xcel Energy got the greenlight Wednesday to create an electricity discount as an economic development incentive for companies expanding in or moving to Colorado, even though state regulators were troubled by what they saw as problems in the plan.
The discounts — aimed at companies sensitive to electric prices, range from 30% a year for three years to 10% for 10 years — were approved by the Colorado Public Utilities Commission on a 2 to 1 vote.
Xcel was given the ability to create such a program by House Bill 1271, passed in 2018. The legislation said utilities should be able “to offer rates and programs that help attract these businesses and provide incentives for the expansion.”

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