Xcel asks Colo. regulators to act fast on wind project bid request

02/19/2013 | American City Business Journals

Xcel Energy called on Colorado regulators to act fast on the firm's request for bids for wind projects to give contractors time to qualify for the wind-energy Production Tax Credit. "We have a great opportunity to see if additional wind resources in Colorado would be of economic benefit to our customers with the extension of the federal tax credit, but we must act quickly. Our request is not being driven by state renewable energy standards, but by the opportunity to reduce costs," said Xcel's Ben Fowke in a statement.

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