redT Homes Files Complaint Against Xcel Energy, Citing Over $18M in Losses and Nearly 5,000 Days of Project Delays
Denver, CO – July 1, 2025 – redT Homes, one of Colorado’s largest sustainable housing developers, has filed a formal complaint with the Colorado Public Utilities Commission (PUC), calling for an investigation into Xcel Energy’s handling of new residential service requests.
The complaint details 4,943 days of cumulative project delays, more than $18 million in direct losses, and the foreclosure of at least one development due to what redT calls “chronic inefficiencies” and “internal errors” at Xcel Energy.
“After years of trying to resolve these issues directly with Xcel, including meetings with their executive leadership, we are left with no choice but to seek state intervention,” said Nathan Adams, redT’s CEO. “Xcel’s repeated design mistakes, last-minute changes, and lack of transparency have crippled our ability to deliver urgently needed, all-electric, LEED Gold-certified homes in Colorado.”
The company’s June 18 letter to the PUC outlines:
• Thousands of lost days across active housing projects
• Uncompensated redesign and construction costs
• Foreclosure due to power delays
• Ongoing risk to company survival
• Lack of meaningful accountability from Xcel
In the letter, Adams urges the PUC to launch a formal investigation and implement new accountability measures for utility service timelines.
“This isn’t just a redT issue—this is a housing issue,” Adams said. “Colorado’s housing shortage cannot be solved if its sole power provider continues to delay critical infrastructure without consequences.”
A summary of the complaint and a detailed breakdown of project impacts is included in the public filing.
About redT Homes
redT Homes is a Colorado-based real estate developer focused on delivering LEED-certified, all-electric homes. Over the past 11 years, redT has built communities that prioritize sustainability, health, and long-term value for Colorado residents.