Even tripling its wind capacity, the company will still have around 40% of its electricity stem from coal power, for which prices continue to rise in the face of massive economic growth and seemingly insatiable demand from regions such as China.
Consumer spending whims are hard to predict, and if they do not accept utilities price hikes, Xcel's entire wind energy strategy could hurt the company more, because of investment costs, than if the company kept focusing on coal and natural gas.