Xcel Energy (NYSE:XEL) is continuing to invest heavily in transmission and distribution over the next five years, spending more than $8.1bn on T&D between 2016 and 2020.
That’s according to a presentation that Xcel made at the Wolfe Research Utility Conference Sept. 28 in New York.
According to the slide presentation, Xcel will spend roughly $4.12bn on electric transmission between 2016 and 2020. The company will spend more than $4bn on electric transmission during that same period.
That’s more than half of Xcel Energy’s $15.16bn base capital plant for the period.
The Wolf presentation includes a round-up of various rate cases that Xcel Energy has pending in the states where its utilities do business.
In July, Xcel Energy asked Colorado Public Utilities Commission to approve an “advanced grid initiative” in that state. The company also received Colorado PUC approval Sept. 30 for the 600-MW Rush Creek wind project later.
The PUC settlement agreement also allowed Xcel to purse an earlier construction schedule for the proposed Pawnee-Daniels Park Transmission Project to take advantage of federal tax credits and to accommodate the Rush Creek interconnection.
The proposed Pawnee-Daniels Park transmission line project consists of a new double-circuit 345-kV transmission line between our Pawnee Substation near Brush, Colo., and the Daniels Park Substation south of the Denver metro-area. The project area includes Arapahoe and Douglas Counties, City of Aurora and the Town of Parker, according to an Xcel Energy transmission webpage. The 125-mile project is part of the Colorado long-range transmission plan.