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DENVER BUSINESS JOURNAL - Colorado may be far ahead of the curve when it comes to complying with the U.S. Environmental Protection Agency's proposed rules to cut the nation's carbon dioxide production by 30 percent below 2005 levels by 2030.

The EPA's proposed rules also allow states the flexibility to come up with their own plans for reaching the targets. A public hearing on the proposal will be held in Denver on July 29 at the EPA's regional headquarters in Denver.

And Colorado's Clean Air-Clean Jobs Act of 2010, a sweeping $1 billion effort to shut down or clean up about 900 megawatts of coal-fired power production and replace it with natural gas, is featured in the EPA's 645-page proposed rule as an example of what states can do to achieve the suggested goals.

David Eves, the president and CEO ofXcel's Colorado subsidiary, last week told the Denver Business Journal the utility expects it will have cut CO2 emissions in Colorado below 2005 levels by 35 percent.

But he also said the utility expects it will soon ask state regulators for permission to raise rates, in part to help cover the cost of the switch to natural gas.

Read the full report on the Denver Business Journal: http://bit.ly/1ooh3q9.

(© 2014 American City Business Journals. All rights reserved.)

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