EnerNoc (ENOC) continues to expand its demand response portfolio. About a week ago the company announced a deal with the City of Boston.
“The City of Boston is a hub of clean tech innovation, and EnerNOC is a shining example of Boston-based companies that are making an impact on the way the world uses energy. Demand response allows the City to implement smart energy saving measures and make an immediate contribution to the overall reliability … Read the rest
Xcel Energy has chosen NextEra Energy Resources to build its planned Northern Colorado Wind Facility. If the 152 MW project is approved by Colorado regulators, it’s scheduled to be producing power by the end of this year.
From the Denver Business Journal,
here are more details about the contract:
… Read the restThe 25-year contract between Xcel and NextEra calls for Xcel paying $50 per megawatt hour of energy produced during the farm’s first year of operation —
Xcel Energy has requested permission from the Colorado Public Utilities Commission to raise $6 million per year for clean energy research. The funds would be raised by adding a nominal fee to customers’ bills. Most residential customers would pay an extra .14 per month, and most small businesses would see a .22 increase.
According to the Denver Business Journal, here’s what that money would go toward:
… Read the restXcel (NYSE: XEL) says it wants to test small
Xcel Energy announced today that its first wind farm in Minnesota is now in operation. The 100.5-megawatt Grand Meadow Wind Farm has been contributing electricity to the grid since December 4th.
From TwinCities.com, here’s a rundown of Xcel’s current wind power capacity:
… Read the restWith the addition of the Grand Meadow project, Xcel Energy has more than 1,200 megawatts of wind-powered generation on its Upper Midwest system. The company plans to have 4,000 megawatts of wind power
A judge is considering a $2.6 million settlement offer from Xcel Energy over regulators concerns that Xcel may have overbilled consumers for its wind energy program, Windsource. Through the Windsource program, 47,000 Xcel Energy customers pay extra to Xcel to support the generation of wind power. What was the problem with the program? According to KJCT8.com,
… Read the restStaff of the Colorado Public Utilities Commission contend Xcel sold credits from 2005 to 2007 for more wind
Xcel Energy started the new year off by unveiling an ambitious energy efficiency plan that could save the same amount of energy that a new coal-fired plant would produce. According to MSNBC, in 2009 Xcel plans to invest $63 million in programs aimed at promoting energy efficiency. The company plans to continue the effort by spending $80 million on the programs in 2010.
According to Xcel Energy spokesman Mark Stutz, the investment should result … Read the rest
Xcel has reduced the amount paid to consumers and businesses who install solar power systems under its Solar Rewards program. Previously under the program, Xcel would provide a rebate to the consumer for the purchase of Renewable Energy Credits (REC’s) of $2.50 per KW. That amount has changed to $1.50 per KW. Customers still get a state-mandated rebate of $2.00 per KW, so the total amount they receive has decreased 22%, from 4.50 per KW … Read the rest
Xcel Energy posted its 3rd quarter results today. Although revenue rose to $2.85 billion from $2.4 billion, their 3rd quarter earnings fell 13% to $223 million dollars, or 51 cents a share. That’s a 13% drop from what the company was reporting at this time last year. Analysts had expected Xcel to post earnings of 61 cents a share, so the report was below expectations.
The company stated that its results had been impacted … Read the rest
Xcel Energy has selected Hoku Solar to install a photovoltaic (PV) solar power system on Xcel’s headquarters in Oahu, Hawaii. Once the installation is completed, the 34 kilowatt PV system will generate 53,500 KW hours of energy each year. Over its lifetime, the system is expected to offset more than 885 tons of CO2 emissions.
Ed D’Ascoli, founder and president of Xcel, commented on the project and the choice of Hoku Solar, saying
… Read the rest"Xcel is
Xcel Energy announced that it is setting up a new biomass-fueled power plant in Ashland, Wisconsin. Rather than build from scratch, the company will convert an existing in plant in that location to run completely off of biomass. Once the project is complete, the plant will be the largest of its type in the Midwest, using wood waste to produce enough electricity to power 40,000 homes. Xcel is planning to spend $55 million to $70 … Read the rest