The City of Boulder decided earlier this year to not to sign a new 20-year franchise agreement with Xcel Energy. After more than a year of negotiations, Xcel would not agree to move quickly to replace coal burning with renewable energy. While Xcel must, by law, continue to supply Boulder’s energy as long as it is needed, Boulder will be free to determine its own energy future by negotiating with other energy suppliers. However, without the franchise agreement, Xcel has the option to no longer pay Boulder the current $4 million franchise fee.
Ballot Issue 2B will allow Boulder, for the next 5 years, to replace a discontinued franchise fee with an occupational tax of the same amount.
A YES vote on Ballot Issue 2B will mean city services will not be affected by whatever Xcel decides to do and it will cause no change in the rates citizens pay for their energy.
Boulder is moving forward toward a renewable energy future and the passage of Ballot Issue 2B will ensure that the city’s revenue will remain unchanged if Xcel does not pay a franchise fee.
(No Ratings Yet)
Loading...