Xcel Rate Case Agreement Includes a Commitment to Retire Tolk Coal-Fired Power Plant in Texas by 2032

Albuquerque, NM – Yesterday, Sierra Club joined an uncontested comprehensive agreement in a proceeding before the New Mexico Public Regulation Commission, which will determine whether Xcel Energy can change electricity rates. The agreement includes commitments by Xcel Energy, a subsidiary of Southwestern Public Service Company (SPS) to retire the 1,050 megawatt, coal-fired Tolk power plant in Texas in 2032. The agreement also requires a formal study evaluating an earlier retirement scenario considering the plant’s economic decline and the depletion of the Ogallala aquifer, where Tolk withdraws millions of gallons a day in cooling water. Tolk is located in the Texas Panhandle and provides electricity to both New Mexico and Texas.

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