PUC says no to Xcel request for $17M more for SmartGridCity pilot project in Boulder
Last Updated: 259 days ago
DENVER - State officials have rejected Xcel Energy's request for $17 million from customers to finish paying for the SmartGridCity project.
The project connected 23,000 homes in Boulder with smart meters using computers to manage electricity distribution.
The cost of the pilot project nearly tripled to $45 million. The Colorado Public Utilities Commission agreed to let Xcel recoup $28 million of the cost through customer rates, but rejected the other $17 million until Xcel could show it had completed the project and that the project would help all of its Colorado customers.
Xcel asked again for the rest of the money and Thursday, the PUC rejected the request for a second time, according to the Denver Post.
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