David Eves, CEO of the Public Service Company of Colorado, a subsidiary of Xcel Energy Inc., is quoted as follows:
He also said this round of bidding is the first time the utility has seen solar projects that are cost-competitive with natural gas-generated power.
“This is the first time that we’ve seen, purely on a price basis, that the solar projects made the cut — without considering carbon costs or the need to comply with a renewable energy standard — strictly on an economic basis,” Eves said.
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