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Xcel Energy delays 600 MW IGCC plant

1 November 2007 -- Xcel Energy Inc. is delaying plans for a 600 MW IGCC power plant in Colorado because of cost concerns and a desire to find project partners. Spokeswoman Ethnie Groves was quoted as saying, "We're not abandoning the project." Xcel still has "confidence in the technology" for IGCC, she said.

Xcel may not propose the plant to Colorado regulators until 2009 or later. Xcel also pushed back the planned completion date to 2016 and will continue to study IGCC. The delay was reported Tuesday by the Denver Business Journal, which cited comments made by Chief Executive Officer Richard Kelly at a conference and said the plant could cost more than $1 billion.

Teco Energy Inc., based in Tampa, Fla., last month said it wasn't moving ahead with plans for a $2 billion IGCC unit because of uncertainty over possible emissions regulations and the potential for rising construction costs.




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