Colorado utility regulators on Monday shot down Xcel Energy Inc.'s quest to start a new solar power program, called Solar*Connect, that would have allowed customers to pay a premium on their monthly utility bills to support solar energy.
The utility planned to allow customers to buy blocks of solar power equal to a percentage of their monthly power usage, from 25 percent up to 100 percent, a spokesman said in April when the utility (NYSE: XEL) first proposed the program.
Xcel said then that it…
Colorado utility regulators on Monday shot down Xcel Energy Inc.'s quest to start a new solar power program, called Solar*Connect, that would have allowed customers to pay a premium on their monthly utility bills to support solar energy.
The utility planned to allow customers to buy blocks of solar power equal to a percentage of their monthly power usage, from 25 percent up to 100 percent, a spokesman said in April when the utility (NYSE: XEL) first proposed the program.
Xcel said then that it…