June 3, 2010
6:00 pm
1777 Broadway -City Council Chambers
Waste Management
- Zero Waste Management
- 6400 Arapahoe
- Single Hauler
Boulder’s Energy Future (Xcel Franchise)
The energy future study session is scheduled to begin at 7:30 p.m. The session will take place in City Council Chambers and will be broadcast live on Channel 8.
The issue of whether to renew a franchise agreement with Xcel has implications for the city and its goals of providing reliable and affordable energy while reducing greenhouse gas emissions. A franchise is a contract that grants Xcel the right to use streets, alleys, rights-of way and other public property for the purpose of providing utility service to the residents and businesses. In return for this access, Boulder receives approximately $3.9 million a year that is used to fund key city services. This payment is in the form of a “franchise fee” that is passed on to city ratepayers, appearing as a line item on Boulder customers’ Xcel bills.
The city’s current franchise agreement with Xcel will expire on August 3, 2010. A memo has been prepared for council on this topic and is available on a new city-maintained website dedicated to the issue of Boulder’s energy future. This site can be found at: http://www.bouldercolorado.gov/energyfuture. Information will be updated here as it becomes available.
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