Colorado Energy Plan Looms as Issue for Obama FERC Nominee

Colorado Energy Plan Looms as Issue for Obama FERC Nominee

September 17, 2013
Originally published in Bloomberg

Binz’s detractors include the Denver-based Independence Institute and the Washington-based Competitive Enterprise Institute, both describe themselves as advocates for limited government. They say he guaranteed Minneapolis-based Xcel Energy Inc. (XEL:US), Colorado’s biggest utility, a 10.5 percent return while charging its customers for the coal-to-gas conversion project. The deal was intended as an incentive for converting plants to natural gas, which when burned to produce electricity emits a fraction of the greenhouse gases tied to coal.