Planning is integral to everything we do. It is especially important in determining how we meet the future energy needs of our customers.
At the core of this work is our Sustainable Energy Plan that supports our Energy Vision and its strategic pillars – Economic, Environment, Resiliency and Innovation.
After an extensive public process, the Utilities Board has committed to a new energy future that is cost-effective, resilient and environmentally sustainable. Aligned with our Energy Vision, the plan achieves an 80% carbon reduction and retires all our coal generation by 2030, including the downtown Martin Drake Power Plant no later than 2023.
To enable the retirement of the Martin Drake Power Plant no later than 2023, temporary power generators (primary fuel is natural gas) will be placed at the site to ensure system reliability. Once new transmission projects are complete in the coming years, generation will no longer be needed in downtown Colorado Springs and these units will be relocated.
Through our Sustainable Energy Plan, we will:
- Commit to our community with industry-leading reliability and resiliency and support the economic growth of the region.
- Benefit customers by maintaining competitive and affordable rates and advance energy efficiency.
- Reduce carbon emissions at least 80% by 2030 and 90% by 2050.
- Increase renewable energy and incorporate storage resources.
- Retire all coal generation all coal generation by 2030 and reduce reliance on fossil fuels.
- Integrate new technologies responsibly by modernizing our grid and partner with customers to create distributed energy resources throughout the community.