Colorado regulators have approved initial guidelines for Xcel Energy to significantly expand the state's power grid -- a move that could cost ratepayers billions of dollars in the coming years.

CBS

On Aug. 27, the Colorado Public Utilities Commission (PUC) approved a plan allowing for the potential addition of more than 6,000 megawatts of new energy generation. The increased capacity is intended to help replace aging resources such as coal-fired power plants, while also meeting rising energy demands from new developments -- including artificial intelligence data centers and the continued electrification of homes and vehicles.

The decision aligns with the state's long-term renewable energy goals, but will result in substantial infrastructure investments -- with the costs passed on to

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