PLEASE SUPPORT HOUSE BILL 19-1313 (REP. BECKER & SEN. WINTER) CARBON EMISSION TARGETS FOR ELECTRIC UTILITIES

Xcel Energy has led the industry in transitioning to cleaner energy sources and achieving ambitious carbon goals. Given the pace of change within our industry and customer demands, the Company is increasing its commitment and working to do more, sooner.

HB19-1313 creates a pathway to reduce carbon emissions 80 percent by 2030 from 2005 levels with a long-term vision to serve its customers with zero-carbon electricity by 2050, while establishing a process to ensure cost affordability for customers and comprehensive transition planning for its highly-skilled employees and workforce.

HB19-xxxx Summary

Establishes clean energy targets
Applies to regulated utilities serving over 500,000 meters. Other electric utilities may opt-in.
- 80% carbon emission reduction (from 2005 levels) by 2030.
- 100% carbon emission reduction (from 2005 levels) by 2050, or sooner if practicable.

Creates a pathway at the Public Utilities Commission (PUC) to hold these goals accountable
Clean Energy Plan to be submitted with utility’s next resource plan after Jan 1, 2020.
- Supports a comprehensive transition for highly-skilled employees,
- Ensures system reliability and cost affordability to Colorado electric customers.
- Air Quality Control Division (AQCC) participation, verify & alignment with state goals.
- All new energy acquired through competitive bidding.

Reporting
One year after approval, the utility will report to the Governor, the PUC, and the AQCC on progress toward targets, resources developed, costs and customer impacts, system reliability and other relevant information.

A Proven leader

Since 2005, Xcel Energy company-wide has reduced carbon emissions 35 percent under its previous goal to reduce emissions 60 percent by 2030.
Advancements in technologies have made renewable and cleaner energy cost effective. To achieve the zero-carbon 2050 vision, we will need a diverse mix of 24/7 resources as we continue adopting wind, solar, energy efficiency and other clean energy technologies.