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meeting so you can receive input from those who do not have the legal
expertise or financial resources to participate in the proceedings in an
official way.
They are worried about cost because electric bills have gone up – a lot.
Increased prices haven’t necessarily come with improved service. In
fact, quite the opposite. Some suffer from poor power quality
(fluctuations in service). They can’t get enough power. Or, as in my
personal case, we are receiving a rebate of $5.19 because Xcel missed
some of their electric reliability targets that you all set for them. In
other words, we lose power pretty routinely. Xcel has made promises
to some of my business constituents, but Xcel don’t follow through.
Why do I bring this up? Because rather them let Xcel simply build more
so they can add to their asset base, why can’t Xcel, why won’t Xcel
maintain customers and infrastructure they have currently?
Comanche I & II are near the middle of the life cyle. The typical life
expectancy for coal-fueled power plants are 60 – 70 years. It makes no
sense to retire a plant at mid-life, especially considering ratepayers
have invested over $190 million in the most up-to-date environmental
controls, that was in part due to a 2004 agreement, so why break the
agreement now?
Comanche is clean:
According to EPA data, over the last five years, Comanche 1 and 2
emission rates have been significantly lower than the remaining
Colorado coal fleet. That’s because we’ve spent millions of dollars
upgrading their environmental controls.
To say it this plan will save ratepayers money just boggles the mind. I’ve
looked at some of the testimony. It’s disturbing to see how Xcel has its
thumb on the scale to tilt financials in its favor.
There is a small business in my district that already laid off their only
part time employee because they can’t afford the higher minimum
wage. Instead, they’ve opted for shorter open hours. What do you think
an increase their electric bill will do to them? And for what? So, Xcel
can build more and add to its asset base?
In closing, you all have a decision to make. And I don’t envy you. The
political pressure is significant. The Governor, Xcel, and others are
working hard to get this thing through. I know you all are professionals
and neutral regulators, still, I’m sure that all of this weighs heavy.
Here’s the one thing I ask. If you decide to move ahead with this, please
don’t let Xcel and its supporters insult us by saying it will save
ratepayers money. That suggests that our electricity bills actually will go
down – not because we are using less electricity but that electricity in
total will cost less. Please, require honesty in the numbers, hold Xcel
accountable if those numbers don’t prove accurate. Ratepayers
shouldn’t have to pay while Xcel shareholders simply profit.