Equity PIM – EV Rebates metric

  • Id
    2
  • State
    CO
  • Utility
    Xcel
  • Applicability
    Electric
  • Emergent Topic
    TE; EQ
  • Description
    The mechanism is intended to better align the interests of the Company with the state’s goal of extending transportation electrification to Low- to Moderate-Income ("LMI") customers and underserved communities.
  • Metric
    Number of EV rebates issued
  • Target
    54 EV rebates
  • Incentive Type
    Upside
  • Incentive Structure
    Fixed amount
  • Incentive Description
    Xcel must first meet its minimum targets in each customer program, after which it earns a fixed reward for each port installed and EV rebate issued. Upon meeting its minimum targets, Xcel can earn $500 for each EV rebate it issues.
  • Start Date
    2022
  • End Date
    2023
  • Source: Original Docket
    21AL-0494E
  • Source: PUC Order
    Decision No. R22-0378
  • Status
    Inactive (Performance Period Concluded)
  • PIM History Narrative
    While the performance period for the Equity PIM concluded at the end of 2023, Xcel proposed to continue this PIM in its Application for Approval of its 2024-2026 Transportation Electrification Plan (Docket No. No. 23A-0242E). The Commission has yet to issue a decision in the proceeding.