Upon review of a load profile study submitted by Xcel Energy, the Minnesota Public Utilities Commission (PUC) found that “it is clear … that solar PV facilities contribute to Xcel’s capacity requirements and that the existing Standby Service tariff does not reflect that contribution.” The commission ruled that $5.15 per kW per month would be a reasonable, conservative interim rate to be paid to sellers in the form of a capacity credit.
Xcel Energy expanded an agreement with the National Center for Atmospheric Research (NCAR) for renewable energy forecasting. In the next two years, NCAR scientists and engineers will develop custom forecasting systems to enable Xcel Energy control centers in Minneapolis, Denver, Golden, Colo., and Amarillo, Tex., to anticipate sudden changes in wind, shut down turbines ahead of potentially damaging icing events and even predict the amount of energy generated by private solar panels.
Supporting continuous improvement in energy management processes.
By promoting the ISO 50001 energy management standard to industrial customers, utilities can increase loyalty, encourage efficiency, and support industrial growth.
New Opportunities: Ben Fowke, chairman, president and CEO of Xcel Energy, was named to a committee composed of CEOs from the utility and nuclear industries that will receive regular briefings from the FBI, National Security Agency, Department of Energy, and Department of Homeland Security to begin cooperative efforts on cybersecurity issues.
The Colorado Public Utilities Commission (PUC) upheld an initial decision by an administrative law judge (ALJ) issued in January, which had recommended that Xcel Energy subsidiary Public Service Company of Colorado (PSCC) be denied any further rate recovery of SmartGridCity costs. The commission said the utility had been given ample opportunity to prove the prudence of the rising costs of the project but that the company had failed to do so.
Doing the right thing can drive utility stock performance.
Utilities get little credit for their efforts to strengthen the sustainability of their businesses. But these efforts have paid dividends in stock performance, capital costs, regulatory relationships, and brand value. Capturing the greatest value for shareholders will require utilities to become better understood as socially responsible enterprises.
Anne R. Pramaggiore became president and CEO of ComEd, following the retirement of Frank M. Clark, chairman and CEO since 2005. Pramaggiore joined ComEd in 1998 and most recently held the position of president and COO. In addition, ComEd named Tracie Morris v.p. of human resources. Morris previously served as v.p. of human resources for DeVry Inc.
FORTNIGHTLY What’s Xcel Energy’s role in the CAPX2020 project, and how does it fit into the company’s overall transmission plan and resource plan?
MOGENSEN CAPX2020 is very important for Xcel and the region.
Recently electricity started flowing through a new power line between Monticello and St. Cloud, Minn. This 28-mile, 345-kV segment represents a major milestone for one reason: it’s the first wire to go live in the 700-mile CAPX2020 transmission venture.