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The Colorado Public Utilities Commission approved Xcel Energy's expedited plan for 1,700 MW of renewable projects, including wind, solar, and battery storage, on January 28. Despite the approval, the commission expressed concerns about costs and efficiency, urging for more data before final decisions.

The projects aim to capitalize on federal tax credits set to expire, which could significantly impact project costs. Xcel's portfolio could ultimately range from 3,200 to 3,500 MW to meet projected electricity demand.