COLORADO UTILITY OFFERS COMMUNITY WIND

Contract will allow Colorado Springs customers to buy into wind energy

Maureen McMullen, February 2, 2015 (Marcellus)

“Colorado Springs Utilities signed a [two-year] contract with Xcel Energy…[allowing] utilities customers the chance to help finance wind energy — for a rate of $2.14 per 100 [kilowatt-hours] each month. Average electric use for homes in Colorado Springs is 600 [kilowatt-hours] per month…The company’s last contract had 1,300 customers subscribed; already, the current contract [is] 63 percent spoken for [on a first-come, first-served basis]…Because Utilities is municipally owned, the company is not required to comply with public renewable energy standards, which mandate that municipal utilities use 10 percent renewable energy by 2020…[but] Colorado Springs Utilities has set its goal 10 percent higher than the [state] standard…” click here for more

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