This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

No Coal-fired Power Plants In Denver Area

DENVER (AP) â¿¿ State regulators issued written orders Wednesday that would leave no coal-burning power plants in the Denver area after 2017.

The Colorado Public Utilities Commission's orders formalized earlier decisions meant to help Colorado meet federal clean-air standards, including a plan for Xcel Energy to switch its coal-fired Cherokee 4 unit in Denver to run on natural gas before 2018.

The commission also encouraged Xcel not to leave the aging unit running beyond 2022. It said Xcel should explore alternatives to running Cherokee 4 on natural gas, in case there are cheaper options that still would meet clean-air goals.

A new state law required Xcel Energy and Black Hills Corp. to submit plans to significantly cut nitrogen oxide emissions by 2018 to help Colorado meet federal clean-air standards. The PUC had to approve the plans.

One PUC order Wednesday approved plans for Xcel Energy to close five coal-fired units in Denver and Boulder, build a new plant in Denver that runs on natural gas, and convert two coal-fired units in Denver, including Cherokee 4, to run on natural gas. Xcel would put more emission controls at its Hayden and Pawnee plants.

The other order approved Black Hills Corp.'s plan to retire two coal-fired units in Canon City.

The $1.4 billion plan for Xcel Energy was expected to add about 2.5 percent to customers' electric rates by 2020, while Black Hills customers are expected to see a 5 percent rate increase once its plan is implemented.

PUC Chairman Ron Binz said rate hikes would likely be higher if Colorado waited for the Environmental Protection Agency to impose a plan for cutting emissions.

The PUC directed its staff to work on finding funding to help retrain coal mine workers if any lose their jobs because of the plans.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs