Judge Rejects Xcel's Bid To Recover $16M For Smart Grid

Law360, Los Angeles (January 18, 2013, 8:01 PM EST) -- An administrative law judge on Thursday nixed a request by Xcel Energy to recover $16.6 million from its smart grid pilot project in Boulder, Colo., by charging ratepayers more, saying the company failed to justify the project’s considerable cost overruns.

Thursday’s recommended decision comes after a review by Public Utilities Commission of the State of Colorado that permitted Xcel's subsidiary Public Service Co. of Colorado to recover $27.6 million from its SmartGridCity project, but held back more than $16 million until the utility met certain conditions,...
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