Category Archives: CEA News

In Case You Missed It: Stranded Assets Panel Discussion

Just this last May, Clean Energy Action held an impactful panel on the increasingly important topic of stranded assets. As we move away from coal and other less optimal energy production methods, we must consider what we are leaving behind in order to ensure this movement is in fact of the utmost benefit. Stranded assets in the fossil fuel sector are asset investments that no longer contribute to a company’s profitability; specifically, assets involved in the extraction or burning of the fuels themselves. This panel discussed the complex legal challenges surrounding the purchasing of these stranded assets from companies in order to preserve our slow-but-steady transition away from fossil fuels.

This fascinating and informative panel (which can be seen in its entirety here) was introduced and explained by Leslie Glustrom, co-founder of Clean Energy Action, with over 10 years of experience in Colorado’s energy field. She outlined the stranded asset issue, specifically geared towards the absurdity of Xcel Energy looking for its customers to pay for their stranded assets. Her contribution to the panel can be seen from the beginning until minute 25:20. The next panel speaker was Jacqui Patterson, who is the Director of the NAACP’s Environment and Climate Justice program. Ms. Patterson, with her extensive expertise, did a marvelous job in explaining how we start to tackle this complicated transition so that it is fair for the fossil fuel industry workers, as well as the individuals who pay the bills. Her presentation slides, titled “Energy Equity – Paving a Pathway to a Just Transition,” can be found here. In the video capture of the panel, her section can be seen from minute 25:20 to minute 50:40. The final panel participant was Mariel Nanasi, who is the Executive Director of New Energy Economy in New Mexico. Her portion of the panel focused on her organization’s recent successes in the realm of stranded asset decisions, and how these powerful examples of positive change can be used for future asset decisions in Colorado. Her expertise and awesome panel contribution can be seen from minute 50:40 to minute 1:17:20.

The panel disseminated impactful and important information and we implore you to watch the video, hit the hyperlinks, and do some research of your own about the tricky issue in the way of a complete, rapid, and just transition away from fossil fuels: stranded assets.

In Case You Missed It: Stranded Assets Panel Discussion

Just this last May, Clean Energy Action held an impactful panel on the increasingly important topic of stranded assets. As we move away from coal and other less optimal energy production methods, we must consider what we are leaving behind in order to ensure this movement is in fact of the utmost benefit. Stranded assets in the fossil fuel sector are asset investments that no longer contribute to a company’s profitability; specifically, assets involved in the extraction or burning of the fuels themselves. This panel discussed the complex legal challenges surrounding the purchasing of these stranded assets from companies in order to preserve our slow-but-steady transition away from fossil fuels.

This fascinating and informative panel (which can be seen in its entirety here) was introduced and explained by Leslie Glustrom, co-founder of Clean Energy Action, with over 10 years of experience in Colorado’s energy field. She outlined the stranded asset issue, specifically geared towards the absurdity of Xcel Energy looking for its customers to pay for their stranded assets. Her contribution to the panel can be seen from the beginning until minute 25:20. The next panel speaker was Jacqui Patterson, who is the Director of the NAACP’s Environment and Climate Justice program. Ms. Patterson, with her extensive expertise, did a marvelous job in explaining how we start to tackle this complicated transition so that it is fair for the fossil fuel industry workers, as well as the individuals who pay the bills. Her presentation slides, titled “Energy Equity – Paving a Pathway to a Just Transition,” can be found here. In the video capture of the panel, her section can be seen from minute 25:20 to minute 50:40. The final panel participant was Mariel Nanasi, who is the Executive Director of New Energy Economy in New Mexico. Her portion of the panel focused on her organization’s recent successes in the realm of stranded asset decisions, and how these powerful examples of positive change can be used for future asset decisions in Colorado. Her expertise and awesome panel contribution can be seen from minute 50:40 to minute 1:17:20.

The panel disseminated impactful and important information and we implore you to watch the video, hit the hyperlinks, and do some research of your own about the tricky issue in the way of a complete, rapid, and just transition away from fossil fuels: stranded assets.

Save the Dates: Cleaning Up Valmont Coal Ash

 

Please Save the Dates &
Submit Comments to Your Commissioners!

Informational Presentation by Nancy LaPlaca
Boulder Public Libary – George Reynolds Branch
3595 Table Mesa Drive
Boulder, CO 80305
Monday, May 7th 2018 6:45 PM
-Light Refreshments at 6:30 PM-

Xcel Energy Presentation to the County Commissioners
Old Boulder County Commissioners
1325 Pearl Street
Boulder, CO 80302
Tuesday, May 8th 3:00 PM

On Tuesday, May 8th, at 3:00 pm the Boulder County Commissioners will be meeting to hear an update from Xcel Energy about the utility’s plans for the cessation of coal activities at the Valmont Power Station in east Boulder County. 

Of particular concern for Boulder County residents is the fate of the coal ash produced by the Valmont plant and the serious threats that ash poses to water quality and public health in the region. 

This meeting is open to the public but there will not be a public comment period at the meeting. If you want to submit a comment to the Commissioners or a question you would like them to ask Xcel on May 8th, we encourage you to submit your question or comment to the Commissioners before the deadline on April 30th.

Clean Energy Action will be hosting Nancy LaPlaca, a coal ash expert and a veteran of the fight against coal in Colorado, for an informational session to discuss the issues at George Reynolds Library the night before the meeting. For more information on the state of Colorado’s coal ash and the risks it poses to the public, check out Clean Water Fund’s full report  and join us as we confront the legacy of coal-burning in Boulder County!

 

HELP US STAND UP FOR COLORADO RATEPAYERS!

​Dear Renewable Energy Advocates–We have an AMAZING opportunity to move clean energy forward in Colorado–but we need your help to “get it right.” ​​Please come to a training below and then to the PUC hearing on Feb 1, 2018. (Docket 16A-0396E “Stipulation” hearing) 

Here are the key dates so far: ​​

Monday January 22, 2018–6 pm,  ​Boulder ​Training

Meadows Public Library,
Boulder​, Colorado​
 (4800 Baseline, behind the Safeway)
Thursday January 25, 2018–6 pm, Denver Training
​Epic Brewing​
3001 Walnut St. Denver, CO 80205 Phone: 720-539-7410 ​
Monday January 29, 2018–​6 pm Lakewood/Jeffco Training
Belmar Library
555 S. Allison Parkway, Lakewood, Colorado
THEN ​HOPING EVERYONE WILL COME….​
Thursday Feb 1, 2018–4​-7​ pm
PUC Public Hearing 16A-0396E

Coal plant retirements, payment plans & replacement options1560 Broadway, #250,Denver 

The February 1, 2018 PUC hearing ​is a critical 
opportunity for the public to help shape the PUC’s response to the need to retire Xcel’s coal plants long before their expected retirement dates. 
This hearing will be about moving the retirement of ​the ​Comanche 1 and 2 ​coal plants in Pueblo ​up about 10 years ​into the ​
2020s. This is, of course, a step in the right direction, but we need your help to make the PUC understand the following:
  • ​Move Faster on Coal Retirements: ​ We are in a crisis on climate change. We can and must move faster by retiring these coal plants ​even ​earlier and working to retire ​the rest of Xcel’s coal fleet much ​sooner also.
  • ​Don’t Rush to Build More Natural Gas: ​Replacing coal plants with wind, solar, storage and demand side options makes good economic and environmental sense. This is not true for building new natural gas capacity which will likely just become stranded in its own time.
  • ​Don’t Make Xcel’s Customers Pay for All of Xcel’s Poorly Considered Expenditures on Coal: Xcel has poured hundreds of millions of dollars into their old coal plants in ​Colorado in this century–including into Comanche 1 and 2. Now Xcel wants us to pay for all of this–and pay them their return​ (think “profit,” at their​ Weighted Average Cost of Capital or WACC) on the ill-considered ​coal plant ​expenditures they have made in recent years. This isn’t a just or equitable solution for ratepayers. If we are to set a ​fair and equitable ​precedent for how we dig ourselves out of the very deep ​hole ​we’ve dug on coal in Colorado, it will be up to the ​informed ​citizens who testify on February 1, 2018 at the PUC to get it done!
 
​Just come to a training and we’ll walk you through 
​the key parts and make sure your statement is on-point and powerful! ​In case you haven’t noticed, climate change impacts are already getting really serious. Please help us move Xcel further, faster on the clean energy path–and when we move Xcel, we move all of Colorado utilities and the entire US utility industry. 
But….We can’t do it without YOU!

Climate Coalitions State Intentions in Bonn and Make Demands in Denver

Last week international leaders met at COP23, the second “conference of the parties” since the signing of the Paris Agreement. They were meeting to discuss what global climate policy will look like both before and after 2020, when the Agreement officially goes into effect. President Donald Trump’s announcement earlier this year that he plans to withdraw the United States from the Agreement set the tone of the discussions for the official US delegation. However, they were not the only Americans present in Bonn. An unofficial delegation of citizens traveled to the conference, also to represent the United States and to deliver a simple message to the rest of the world: we are still in.

Acitvists gather in Bonn ahead of COP23 summit

This second delegation delivered the America’s Pledge Phase 1 report, detailing the efforts of committed citizens to uphold the standards agreed to in Paris in 2015, in spite of the federal government’s  withdrawal. This comprehensive report discusses the success of the U.S. Climate Alliance (of which Colorado is a proud member and CEA is a proud supporter) and other coalitions that are dedicated to picking up the banner of climate action where the Trump administration has let it fall. This We Are Still In delegation, collectively representing more than half of America’s economy, detailed the steps they have taken to begin working from the bottom up to achieve the 2025 U.S. emissions outcomes asked for by the Paris Accords, and promised additional analysis in a Phase 2 report to be published in 2018.


As US climate leaders proudly declared their intentions in Bonn, a smaller group of local activists met in Denver to deliver a petition to Xcel Energy at their local headquarters, asking the utility to take the next step towards the post-fossil fuel world.  This group was led by 350 Colorado and the Colorado Coalition for a Livable Climate, which represents Clean Energy Action and 22 community, faith, and environmental organizations from around Colorado. Our requests included

  • the closure of all Xcel coal plants by 2030
  • the closure of all fracking gas plants by 2035
  • a commitment to convert to at least 80% renewable sources of electricity by 2030
  • completion of a study by the end of 2018 that explores how to achieve 100% renewable electricity in Colorado by 2030
Micah Parkin delivers the petition to Xcel corporate HQ at 1800 Larimer Streeet

The CCLC represents more than 100,00 Coloradans, and this petition represents the work of countless climate warriors across the state who believe that now is the time for Xcel to end their lifelong reliance on coal and natural gas. “Xcel Energy has a great opportunity to move away from fossil fuels and provide customers with the affordable, clean energy they’re demanding,” said Kevin Cross, a member of the Fort Collins Sustainability Group and a leader of CCLC. As American leaders announce our renewed commitment to the Paris Agreement in Germany, there is no better time for our electric utility to step up its commitment to providing cleaner, cheaper energy for our state.


On the same day, separated by an ocean and thousands of miles, two coalitions delivered two statements to which Clean Energy Action was a party. In May, we asked our supporters to sign a petition to Governor Hickenlooper to sign Colorado onto the US Climate Alliance, and we see the effects of those signatures in Bonn where Colorado is one of nine states fully committed to the coalition. More recently we asked our supporters to affix their names to the CCLC’s petition to Xcel, and our voices were heard loud and clear in Denver last week demanding a greener, more efficient future. We thank the Colorado Coalition for a Livable Climate, the We Are Still Coalition, and the US Climate Alliance, but most of all we thank all of you who provide the citizen power that carries us forward.

For further reading, check out the articles by Climate Action and the Colorado Coalition for a Livable Climate.