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Stock impact report

Northern Colorado town spends millions to save millions when it comes to street lights [CBS News]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: CBS News
The Northern Colorado town is now spending more than $2 million to purchase thousands of existing street light poles across the community. "If we can reduce costs in any location, that is what we will do," said Eric Lucas, deputy town manager for Windsor. "The purpose is really cost savings." Until recently, the light poles in the town have been owned by electric providers Poudre Valley REA and Xcel Energy. The more than $2 million being spent this year is to purchase the Xcel poles. "Last fall, we acquired the Poudre Valley side," Lucas said. Windsor is now finalizing a deal to obtain 2,800 poles that are already operating. "We will spend about $2.3 million to acquire and then convert any streetlights that are not LED," Lucas said. Lucas said purchasing the poles right now is an upfront investment. Each light will be converted to LED lights, what Lucas says will save the town more than $5.3 million in energy bills over the next 20 years. "The utilities have historicall Show less Read more
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