Leaders from Xcel Energy broke ground Wednesday morning on Colorado’s Power Pathway, a $1.7 billion investment to improve Colorado's electrical grid and renewable energy development.
DENVER — Leaders from Xcel Energy broke ground Wednesday morning on Colorado’s Power Pathway, a $1.7 billion investment to improve Colorado's electrical grid and renewable energy development.
The project is two and a half years in the making and has a price tag between $1.7 and $2 billion. Xcel Energy is using the contractor Quanta Infrastructure Services Group, which has built 25% of the renewable solar wind in North America, said Quanta CEO Duke Austin. It will also create tax revenue for the communities and for the owners of the properties that Xcel Energy is leasing, said Executive Vice President and Chief Executive Officer Tim O’Connor.
Xcel Energy President Robert Kenney added that the company already serves its Colorado customers with electricity that is 42% carbon-free.Michael Lamb, senior vice president for transmission operations at Xcel Energy, said the Colorado Power Pathway project will deliver clean energy"from where it grows best" in eastern Colorado to where it's needed to heat and light homes and businesses.
Xcel Energy said construction has started along segment 2 and segment 3, while land use permitting activities are continuing for segments 1, 4 and 5 in Weld, Pueblo, Arapahoe, Elbert, El Paso, and Lincoln counties. Approvals were already received for the sections of segments 1, 2, 3 and 4 that are in Morgan, Washington, Kit Carson, Cheyenne, Kiowa, and Crowley counties.
Land agents have been reaching out to landowners who have property along the preferred transmission line to answer questions and discuss their site-specific concerns.
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