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Xcel Energy Steps Up To The Plate and Meets Amendment 37 Goals Years Early

In 2004, Coloradans approved Amendment 37 requiring that the state’s largest utilities get a rising percentage of their power from renewable energy sources. The goal was 3 percent of retail sales by 2007, 6 percent by 2011 and 10 percent by 2015.  On Tuesday, Xcel announced that they met the renewable energy goals set out by voters eight years ahead of schedule.

As the Denver Business Journal reports,

In 2004, Coloradans approved Amendment 37 requiring that the state’s largest utilities get a rising percentage of their power from renewable energy sources. The goal was 3 percent of retail sales by 2007, 6 percent by 2011 and 10 percent by 2015. The amendment required Xcel produce 3.2 million megawatt hours of renewable energy by 2015. During the summer of this year, Xcel signed contracts with wind developers to bring online 775 megawatts of new wind-power electricity, bringing Xcel’s renewable energy usage to more than 10 percent of its sales — the goal set for 2015.

The wind farms are expected to be operational by the end of 2007.

"Xcel’s wind energy investment represents more than a billion dollars in rural economic development," said Tracee Bentley, the state coordinator of the 25×24 Coalition.

Via: (Denver Business Journal)

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.

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