It's up to Colorado to shield consumers from the price shock of Xcel Energy’s data center-related building boom

It's up to Colorado to shield consumers from the price shock of Xcel Energy’s data center-related building boom

News ClipThe Colorado Sun·CO·3/12/2026

Xcel Energy's massive data center-related building boom in Colorado could lead to a tripling of the company's profits by 2031, while electricity rates rise as much as 55%, according to a report by the Colorado Public Utilities Commission. Colorado Governor Jared Polis has urged state agencies to coordinate efforts to manage the transition and limit the impact on customer bills.

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Gov: Colorado Public Utilities Commission, Colorado Governor Jared Polis
Facing a massive building boom to meet new electricity demand, Xcel Energy’s Colorado profits could triple to $1.9 billion by 2031, while electricity rates rise as much as 55%, according to an analysis by state regulators. A Colorado Public Utilities Commission report on ways to manage and li