Xcel shrinking solar energy targets 48 percent
DENVER – Xcel Energy is seeking to shrink its targets for solar power generation by 48 percent following a dispute with a billionaire landowner.
In a 2007 plan filed with state regulators, Xcel said it hoped to acquire 355 megawatts from solar power by 2015. On Friday, it asked to lower that to 185 megawatts.
Xcel says it’s not sure a proposed 140-mile, $180 million transmission line to carry solar power generated in the San Luis Valley will be ready in 2013, as originally planned.
Hedge-fund manager Louis Bacon has said he doesn’t want the line built over his 171,000-acre Trinchera Ranch and says a cheaper, alternative route was ignored.
Xcel says it still plans to develop more solar resources.