The coal-fired Martin Drake Power Plant nestled in the heart of Colorado Springs could be shuttered a decade earlier than its scheduled 2035 closure, but it would come at a higher price.
The Colorado Springs Utilities Board is considering three options for Drake and the possibility of closing it by 2025 or 2030. One of the plant’s three power-generating units already has been shut down.
Prices for each option will be presented to the board Tuesday, said John Romero, Utilities’ general manager of energy acquisition, engineering and planning. Board members are expected to offer direction on the closure next month.
Board member and City Council President Richard Skorman said he wants to close Drake by 2025 and shut down another of its two operating units by 2023. This route would be more costly but would benefit ratepayers in the long run, he said.
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