The state’s largest electric cooperative has won $26.4 million in a lawsuit against Xcel Energy-Colorado over losses it said it sustained during long outages at a coal power plant in Pueblo.
CORE Electric Cooperative, formerly the Intermountain Rural Electric Association, sued Xcel Energy in 2021,
A Denver District Court jury agreed with some of CORE’s arguments Wednesday, awarding the cooperative $14.6 million for the loss of energy when the coal plant wasn’t working and $11.85 million for damages. “This verdict will at least partly compensate CORE for damages caused by the systemic failures of Xcel to prudently operate Comanche 3, which negatively impacted our member-owners. We look forward to moving on from this lawsuit as the next step in our independent power future,” CORE CEO Jeff Baudier said in a statement Thursday.“CORE is an owner of Comanche. We continue to evaluate all of our options regarding our future in Comanche 3,” Baudier said in an email.
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