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For Immediate Release:
1/15/2004
For More Information:
Kirpal Singh
(303) 573-7474 ext. 302

New Energy Efficiency Legislation Promises $1 Billion In Savings

Energy bills have climbed through the roof this year, leaving hundreds of thousands of Colorado's families and businesses struggling to keep up. Reps. Betty Boyd and Mark Larson are sponsoring legislation that would help bring those energy bills back down. The legislation would direct Xcel and other investor-owned utility companies to offer energy efficiency programs to all customers through 2020. Xcel's existing efficiency programs face the threat of cancellation, despite their proven effectiveness.

"Energy efficiency means spending less money to get the same electricity and heating service" said Representative Boyd. "These types of programs are the fastest, cheapest way to take a big bite out of your energy bill."

Howard Geller, director of the Southwest Energy Efficiency Project (SWEEP), pointed out that Xcel and other utilities already run similar energy efficiency programs in Minnesota, Texas, Utah, and Montana, among other states. "For every dollar Xcel spends on its energy efficiency programs in Minnesota, customers save over $5.00. If they can do this in Minnesota (their home state), they can do it here as well." SWEEP helped craft and pass energy efficiency legislation in Arizona last year.

While consumers clearly benefit from being offered such services as cash incentives, technical assistance, and free energy conservation products, the new legislation would make sure that there was something in it for the utilities as well. "This legislation saves consumers money, but it also guarantees that utilities will be compensated for the efficiency services that they provide. This is a classic case of a win-win situation for both the business and the customer", noted Boyd. Without the legislation, there is little financial incentive for Xcel to offer energy efficiency services.

Nicole Boojamra, an advocate for consumer rights at the Colorado Public Interest Research Group (CoPIRG), added that "We fully support the continuation and expansion of energy efficiency programs here in Colorado. They can save consumers at least $1 billion between now and 2020. Representatives Boyd and Larson are offering a strong bipartisan solution to a crisis that the state faces right now."

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