The Colorado Springs Utilities Board at its Dec. 17 meeting approved several things, including two significant solar projects, said a Dec. 19 recap of the board meeting posted to the Colorado Springs Utilities website.
The board voted to purchase Solar Renewable Energy Credits (SRECs), which will assist in compliance with the Colorado Renewable Energy Standards, and help achieve the 2020 Energy Vision goal of 20% renewable energy.
The Utilities Board also approved a purchase power agreement for a solar array to be built near the coal-fired Nixon Power Plant (called Clear Spring Ranch), south of Colorado Springs. This move also supports the Energy Vision and state mandate for renewables. In order to receive three times the credit toward Colorado Renewable Energy Standards, the project needs to be complete by June 30, 2015.
Staff provided an update at the Dec. 17 meeting on 2015 Electric Integrated Resource Plan (EIRP) planning effort. The EIRP is a long-term strategic plan used to guide resource acquisition, conservation and demand-side management decisions to meet customer electric demand over a 20-year horizon.
Last updated in 2012, the EIRP is being updated now to address new and changing energy-related factors including proposed environmental regulations, the 2020 Energy Vision, potential Martin Drake coal-fired power plant decommissioning, fuel prices and bill impact, demand response and reliability, and new technologies.