DENVER – Xcel Energy announced Tuesday that it intends to produce zero-carbon electricity by 2050.
The company also announced their plans to reduce carbon emissions 80 percent by 2030 from 2005 levels in the eight states it serves, including Colorado.
Xcel Energy says by implementing renewable energy sources, it can provide the greatest environmental impact and low cost for customers.
Governor-elect Jared Polis called it an exciting time for the state of Colorado.
“Xcel Energy’s exciting announcement today, along with the strong climate goals communities like Pueblo, Summit County, Ft. Collins, Denver and others across the state have embraced, shows we are leading the way forward right here in Colorado — by committing to a renewable and clean energy future,” Polis said.
Xcel Energy owns the Comanche Generating Station in Pueblo, which is made up of multiple coal-fired plants. The Colorado Public Utilities Commission voted in August to close two of the plants 10 years ahead of schedule to help cut carbon emissions and meet Xcel’s energy goals.
Xcel Energy serves more than 5.1 million customers in Colorado, Michigan, Minnesota, Wisconsin, North and South Dakota, Texas and New Mexico.