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County explains approach to Xcel "just transition" solicitation for Hayden Station

2303599 · February 3, 2025
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Summary

Routt County staff and commissioners outlined the county’s participation in Xcel Energy’s just‑transition process for the Hayden Station closure, focusing on replacement revenue, workforce transition and community benefits for affected taxing districts.

Routt County officials briefed the commissioners and Steamboat Springs City Council on Xcel Energy’s just‑transition solicitation for Hayden Station and the county’s planning process to respond.

County staff explained the county’s objective is threefold: (1) replace lost revenue to taxing districts, (2) address workforce transition and jobs, and (3) secure community‑benefit investments. Staff said Xcel’s initial offering would replace roughly two years of current tax revenue for affected taxing districts, but commissioners noted the plant is currently valued in local tax rolls for many more years of revenue and that replacement across the plant’s remaining useful life would require a much larger package.

Officials said the county and the Town of Hayden have intervenor status in the proceedings and are coordinating with an outside economic consultant (EPS) to quantify direct and multiplier impacts, including links to nearby coal‑mine employment and supply chains. The county noted deadline phases: an April filing to state its request and a mid‑August target for the overall process timeline in which intervenors and Xcel will exchange proposals and adjustments.

County staff and commissioners said they will continue to work with Hayden, the 19 special taxing districts that receive property tax revenue tied to the station, and state partners to refine the county’s replacement request. Commissioners asked that the broader community be informed and indicated they would look for the city and other jurisdictions to participate in that outreach. Officials also said they would evaluate Xcel proposals for potential renewable energy components (mentioning geothermal as one option raised in the solicitation) and make recommendations on proposals that provide long‑term revenue and workforce solutions rather than short‑term fixes.

County staff asked commissioners to reserve judgment until county legal and economic work is complete; staff said a draft public filing is expected in mid‑April and the county will seek input from affected taxing entities as that analysis is finalized.