A coalition spokesman said regulated utilities like Xcel Energy would have an unfair advantage in the emerging market because they can use ratepayers' money to invest in the infrastructure and they get a certain rate of return on their investments
, a national coalition that includes retailers that want to build EV charging stations, opposes proposals by Xcel and other utilities to install and operate chargers.
Will Toor, executive director of the Colorado Energy Office, said there’s plenty of room for investors who want to build the thousands of charging stations that will be needed to meet the state’s goals for electrifying transportation. “Right now we’re at a little over 800,” Williss said. “It kind of takes an all-hands-on-deck approach.”Ray Huff doesn’t think Xcel Energy and other investor-owned, regulated utilities are the right vehicles to build EV-charging networks. Huff is president of HJB Convenience Corp., a Lakewood-based convenience store operator. He said private businesses nationwide want to take advantage of state and federal incentives to start installing chargers but worry about competing with utilities.
Ihle said that leaves more than 90% of the additional charging needed to be met by others. Xcel’s plan includes offering rebates for installing home EV chargers; rebates for vehicles; support for the electrification of commercial fleets; rates that encourage charging when demand on the grid is low; and public outreach.
“In effect, we’re using our electric system more efficiently. We’ve already invested in these power plants, the wires and the transformers and whatnot,” Madsen said.
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