Manufacturers to receive Xcel incentives for waste heat electricity

Colorado manufacturers will be able to receive incentives from Xcel Energy Inc. (NYSE: XEL) for electricity generated from heat produced by their operations under a ruling from the Public Utilities Commission.

The Colorado Public Utilities Commission approved last month an Xcel Energy Inc. proposal to provide financial incentives to manufacturers that convert waste heat to power, known as recycled energy. Recycled energy is a way to capture heat from exhaust stacks or pipes that would otherwise be lost and convert it into electricity.

The ruling lets Xcel Energy pay an incentive of about $500 per kilowatt of recycled energy over 10 years.

“The…