Library filed under Impact on Economy from Colorado

Tri-State: $1 billion cost to meet Colorado's renewable-energy goal

The $1 billion figure covers the cost of new wind farms, natural gas power plants to provide power when the wind isn't blow and transmission lines, Dave Lock, Tri-State's senior manager for government relations told a new committee Wednesday. ...Colorado Attorney General John Suthers, said that "in a perfect world" the committee would have been convened to reach consensus on the issues a year ago.
11 Jul 2013

Sen. Morse pushing crusade that will hurt local schools, businesses, families

Renewable energy may be a popular catch phrase along Colorado's urban Front Range, but it has turned into fighting words across much of rural Colorado. Not because rural communities are against it, to the extent it makes economic sense, but because they're about to be force-fed an overdose by state Senate President John Morse, D-Colorado Springs.
27 Apr 2013

Xcel's work on plants, renewables keeps pushing electricity bills up in Colorado

Bills for Xcel Energy's 1.4 million electricity customers in Colorado are up about 21 percent in the past six years - almost double the rate of inflation - to an average $68.26 a month. Over the next six years, rates are expected to increase another 20 percent as new power plants, wind farms and transmission lines are added, according to state regulators. The increases have rippled through the bills of Colorado homes and businesses.
6 Feb 2011

Green colored glasses

European countries have been pushing a green jobs agenda far longer than America. Matthew Kahn, professor of economics at the University of California, Los Angeles, summarizes their record in the May/June issue of the centrist journal Foreign Policy. While "an optimist can certainly find success stories" in green job creation, Kahn concludes, there's no doubt that the "subsidies are costly," and that they not only "distort consumption and investment decisions" but result in "a less robust economy."
31 May 2009

Vestas may have to cut jobs, spending as orders come to standstill

Danish company Vestas is catching some head wind. The world's largest wind-turbine maker on Wednesday said it might reduce jobs and scale back capital spending in Colorado and the United States, unless orders pick up, according to Bloomberg News. Vestas CEO Ditlev Engel said orders from the U.S. "came to a standstill" after the collapse of Lehman Brothers Holdings Inc. in September tightened credit for wind energy developers.
12 Feb 2009

Ritter's PC projects will cost us all

In the 20 years I have lived in Colorado, I have seen the transition from a growing, functional economy into an economy that increasingly relies on obscure, "politically correct" subsidies such as solar- and wind-power generation that are touted as solutions to our economic woes. ...these partisan policies are undermining Colorado's economy.
13 Jan 2009

Xcel plan oversold in 2000; Investigation says wind overbilling went on for years.

Xcel Energy oversold wind energy credits as far back as 2000 for a program in which customers voluntarily pay a premium for wind-generated power, according to an investigation by Colorado Public Utilities Commission staff. A settlement is looming related to Xcel's excess collections for the Windsource program from 2005 to 2007, which was disclosed earlier this week.
27 Dec 2008

Xcel overbilled for wind plan; Company balks at PUC suggestion to refund more than $1.5 million to program's funders

Xcel Energy overcollected more than $1.5 million from customers who voluntarily pay a premium for wind- generated electricity, according to the Colorado Public Utilities Commission staff. From 2005 to 2007, the state's largest utility sold credits for more green power than it generated at the wind farms in its Windsource program. Xcel knew it would have a production shortfall in the program but "failed to act".
23 Dec 2008

Wind power brings money to rural area

Southeastern Colorado held its own economically for decades. But in recent years, the region has seen population dwindle and the economy shrivel at the hands of a drought and other curses of Mother Nature. While the numbers of farmers and ranchers have been on a steady decline over the years, hardy people who stayed to weather the storm have been adapting with a new friend -- the relentless wind.
20 Jul 2007

Landowners cash in on wind power

Lease agreements vary but can usually range from $3,000 to $6,000 per turbine allowed on the land, said Jan Johnson, a spokeswoman for PPM Energy. Most projects pay landowners per kilowatt that's generated from the turbines on their land.
13 Jul 2007

Wind energy project saves some farms when agriculture can’t

"We haven't had a decent wheat crop in six years," said Gordon Vallier, who lives in northwest Logan County. He explained that there's hardly any grass left, so he had to sell all his cattle last fall. "This is the first time since my grandfather started the farm that we haven't had cattle," Vallier said. There is a bit of good news in Vallier's story, however, and it has to do with the wind.
11 May 2007

The bills we’ll pay

So why is this higher mandate likely to hike your bills? Because when government creates an artificial market by fiat, shortages almost always follow (of turbines for wind power, for example), thus boosting the mandate’s cost. For that matter, if all forms of renewable energy could compete on their own, they wouldn’t need a mandate in the first place.
22 Nov 2006
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