Xcel franchise agreement will expire

August 4, 2010 · Posted in Energy · Comments Off 

 

Xcel Energy's Valmont Station -- could the city take over for Xcel? | Photo by Mara Auster, Daily Camera.

Boulder City Council took the recommendations of its staff — and not those of David Eves. They won’t be putting renewal of the Xcel franchise agreement on the ballot in November — and they won’t be renewing it, either:

 

A 20-year agreement between Xcel Energy and the city of Boulder will be allowed to expire at the end of the year, the Boulder City Council decided late Tuesday night, leaving voters this fall to decide whether to impose a tax on the utility while the city studies other options for its energy future.

The decision to abandon pursuing the long-term agreement with the utility giant came in late-night 6-2 vote.

“The world has changed, the energy-supply world has changed dramatically,” said Councilman Matt Appelbaum. “I, honestly, can’t imagine signing a multi-decade agreement.”

So, what now? Read more