19 May '11, 7pm

Texas, Colorado Beat Renewable Energy Targets

Texas and Colorado have leapfrogged over requirements for the amount of renewable energy used in the state. This demonstrates how quickly renewables can become a significant part of the US energy mix. It also points to the need for states to continually up their targets so that utilities don't just rest on their laurels, but keep adding more renewables. Xcel Energy (NYSE: XEL), the largest utility in Colorado, says it's eight years ahead of schedule in meeting the state's renewable electricity standard (RES). The RES, which went into force just a year ago, requires Colorado to source 30% of its electricity from renewable sources by 2020. Excel believes it will achieve that by mid-2012. Colorado's RES is one of the more ambitious in the US. While one would think such success would drive further investments in renewables, Xcel could instead slow those because it's met the re...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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