Oversight of Xcel + Boulder: Accountability
In November 2020, Boulder voters turned out in droves to support reducing our climate impacts by embracing renewable electricity. A slim majority voted to do so by re-entering a 20 year Franchise Agreement with Xcel Energy, our local electricity provider.
Per the City website, the Settlement Agreement seeks to make significant progress on Boulder’s clean energy and climate goals. Under the deal, the city and Xcel Energy are working together in a modern grid planning partnership, aimed at helping the city achieve 100% renewable electricity by 2030.
See more at: City of Boulder-Xcel Energy Partnership
The franchise agreement Xcel extended to Boulder was largely boilerplate content.
The Settlement Agreement includes the Franchise Agreement (Exhibit A) and an Energy Partnership Agreement (Exhibit B). The Energy Partnership Agreement lays out a set of metrics and criteria against which a list of possible partnership projects will be evaluated (see Metrics and Criteria at right).
- 100% renewable electricity by 2030
- 100MW local generation by 2030
- 80% reduction in GHG emissions by 2050.
Stay tuned for EOF recommendations for prioritizing the projects defined in the Partnership Agreement, and for updates on our progress on Boulder’s climate goals.
(see Exhibit B, Section III, B2, page 62):
a. change to building and transportation sector emission through beneficial electrification;
b. increase in installed capacity of local renewable generation;
c. impact on overall system and site reliability resilience; and
d. financial impact on Boulder residents and businesses.
a. Projects that would not happen in the absence of this Partnership.
b. Be available to all the relevant customers in Boulder or that are in a project’s target area without excluding members.
c. Align with Boulder’s commitment to racial equity and will include pathways for community members who typically do not have the opportunity to access programs or projects.
d. Be designed and structured to have the broadest impact to the most residences and/or businesses possible.
e. Include targets and metrics of this Agreement and others agreed upon by the Parties.