In an effort to secure adequate funding for small demonstration projects that could eventually support Colorado's future clean energy needs, Xcel Energy has proposed the establishment of its Innovative Clean Technology (ICT) program.
In a filing with the Colorado Public Utilities Commission (CPUC), the company asked that $6 million be raised in each year from 2010 to 2013 to help deploy and test promising clean energy technologies in the state. The company seeks to ensure that such projects are commercially viable before implementing them on a larger scale.
‘In this period of difficult economic times, it is crucial for us to explore new, cleaner technologies by the most economical means possible,’ says Tim Taylor, president and CEO of Public Service Co. of Colorado, an Xcel Energy company. ‘Our proposal gives us a chance to economically and efficiently accelerate the development of technologies that fit with the vision our customers have for future power needs in Colorado.’
The initial project to be developed – if the ICT proposal is approved by the CPUC – will be a $4.5 million concentrating solar power thermal integration demonstration at Cameo.
Other technologies could include new advanced solar, wind, biomass and energy-storage technologies. The company also would file an annual report on projects with the CPUC for each year of the program, to include details on project implementation, results and expenditures.
The expected impact of the proposal would be about $0.14 a month for typical residential customers and $0.22 a month for typical small-business customers.
SOURCE: Xcel Energy