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Xcel Energy announces $45B investment plan, with about half for Colorado

Utility says largest-ever five-year capital plan reflects escalating demand for energy

Large wind turbines are seen in fields along US Highway 385 on April 4, 2022 in Cheyenne Wells, Colorado. Some of the $22 billion that Xcel foresees investing in Colorado from 2025 through 2029 has been considered by the Colorado Public Utilities Commission, including plans to boost the use of renewable energy sources and an upgrade of the state’s high-voltage system for up to $2 billion. (Photo by Helen H. Richardson/The Denver Post)
Large wind turbines are seen in fields along US Highway 385 on April 4, 2022 in Cheyenne Wells, Colorado. Some of the $22 billion that Xcel foresees investing in Colorado from 2025 through 2029 has been considered by the Colorado Public Utilities Commission, including plans to boost the use of renewable energy sources and an upgrade of the state’s high-voltage system for up to $2 billion. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO - DECEMBER 12: Judith Kohler - Staff portraits at the Denver Post studio. (Photo by Eric Lutzens/The Denver Post)
By | jkohler@denverpost.com | The Denver Post
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Xcel Energy plans to spend $45 billion on capital investments in the next five years with about $22 billion of that earmarked for Colorado as the utility prepares for what it calls a historic shift in energy demand.

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