Colorado to Get $250M in Federal Funding for Electricity Grid Improvements
The project will more than triple transfer capacity, from 210 megawatts to 700 megawatts, officials said.
- On Thursday, the U.S. Department of Energy awarded the Colorado Energy Office and Xcel Energy $250 million to strengthen electricity transmission between Colorado and Texas through the Colorado-to-Texas Western-Eastern Interior Modernization Initiative, or CO2TX.
- Modernizing this connection will triple electricity transfer capacity between regional grids from 210 megawatts to 700 megawatts, addressing aging infrastructure and reliability concerns as energy demand across the Western United States increases.
- The federal grant covers about 20% of the $1.2 billion project, while Xcel contributes an 80% funding match; this award is part of $1.9 billion in federal funding for 31 grid-improvement projects across 26 states.
- Colorado Governor Jared Polis said the project will benefit 10 million ratepayers across Colorado, Texas, and New Mexico, providing increased reliability and lower energy costs while protecting families during extreme weather.
- Xcel Energy-Colorado President Robert Kenney expects the transmission upgrades to be online by around 2030, while officials celebrated the investment as "commonsense energy" policy aligning with the Trump administration's "Unleashing American Energy" goal.
12 Articles
12 Articles
Colo. to get $250M for electricity grid improvements
The Colorado Energy Office will receive $250 million from the federal government to improve electricity transmission links between eastern and western grids, the U.S. Department of Energy announced Thursday. It’s part of $1.9 billion total to help fund 31 grid-improvement…
Montrose Daily Press
Colorado to get $250M in federal funding for electricity grid improvements
The Colorado Energy Office will receive $250 million from the federal government to improve electricity transmission links between Eastern and Western grids, the U.S. Department of Energy announced Thursday. It’s part of $1.9 billion total to help fund 31 grid-improvement…
Colorado receives $250 million investment for power grid
(COLORADO) — Governor Jared Polis announced on Thursday, Sept. 24, that the Colorado Energy Office (CEO), in partnership with Xcel Energy Services, Inc., has been selected to receive a $250 million investment from the U.S. Department of Energy (DOE) to strengthen a key transmission connection between Colorado and Texas. According to CEO, this project will [...]
Denver Post
Longmont Times-CallColorado lands $250 million federal grant as part of national push to buttress America’s strained energy grid
Colorado will receive $250 million in a federal grant from the U.S. Department of Energy to support a key transmission corridor to better connect the western grid to Texas.
Colorado secures $250 million investment for energy grid improvements between Colorado and Texas
STATEWIDE, Colo. (KRDO) -- Gov. Jared Polis announced Colorado was selected for a $250 million investment from the U.S. Department of Energy to help strengthen an electricity connection between Colorado and Texas. The governor's office announced that Xcel Energy Services Inc. is matching 80% of the $250 million from the Department of Energy. According to
Coverage Details
Bias Distribution
- 70% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
