Colo. lawmakers introduce energy bill
DENVER, Colorado –State lawmakers from both parties are backing legislation to cut emissions from coal-fired power plants.
The bill was introduced Monday and will get its first hearing Tuesday.
It would require Xcel Energy to devise a plan to reduce emissions at its coal-fired plants. That could include retrofitting them with pollution controls, closing them or converting them to natural gas plants.
Gov. Bill Ritter announced the plan earlier this month. A summary of the bill obtained by The Associated Press lays out details.
To help prevent price spikes, Xcel would be able to sign contracts locking in the price of natural gas for up to 20 years. If prices drop, though, rate payers would still be asked to pay the higher cost.