No on 2C
On Thursday, August 20, the Boulder City Council voted to put a new Xcel franchise agreement on the November 2020 ballot.
That agreement actually consists of multiple parts including:
- A new 20-year franchise agreement with unenforceable interim “off-ramps” will commit the city to a new 20-year relationship that could be difficult to end.
- A ‘settlement’ that would force Boulder to abandon a 10-year effort to explore a local power utility, dismiss all current court proceedings and prevent Boulder’s pursuit of competitive options with higher percentages of cost-saving renewables
- An “agreement” regarding future renewable energy projects, each of which would have to be negotiated separately with Xcel and approved by the PUC
These last-minute agreements have not been adequately vetted or communicated to the public. The City of Boulder has not had time to analyze what the agreements will cost Boulder ratepayers.
Xcel does not share Boulder’s goal of 100% renewable energy by 2030. Xcel’s fossil-heavy energy mix will be Boulder’s energy mix. We will be responsible for our share of Xcel’s expenses and debt.
In effect, a new franchise agreement leaves Boulder empty-handed, without the ability to move ahead with its own clean power, or – if the franchise agreement is not approved by the PUC – without any leverage with Xcel whatsoever.
Learn more about reasons to Vote NO on 2C (a new franchise agreement with Xcel).
Read EOF’s initial response to the City’s negotiations with Xcel and our Decision Assistance Letter in which we offered questions to weigh when considering putting the Xcel franchise agreement on the November ballot.