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largest capital plan Xcelthedenverpost
•Business
Business & Economics
85% Informative
Xcel Energy plans to spend $45 billion on capital investments in the next five years .
About $22 billion of that money will be spent in Colorado .
Xcel is preparing to meet an escalating demand for more power to run large computing centers.
Energy demand in Colorado is anticipated to double in next 5 years from a peak of 7,200 megawatts to 14,000 megawatts .
Xcel Energy has “ nearly 9,000 megawatts of opportunities in our customer pipeline before 2030 ” for powering data centers.
The company expects to sign contracts with roughly a quarter of the prospects during its five-year plan.
Denver City Council members were considering incentives for a new facility in the Elyria-Swansea neighborhood.
One member said she worried about potential impact on existing customers because of recent power outages.
VR Score
86
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English
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