Tag: Community Rebuilding

By Michael Braithwaite | The Denver Gazette Xcel Energy reached an agreement in principle to settle all claims relating to the 2021 Marshall fire, the organization said in a statement Wednesday. The organization will pay north of $640 million to resolve all the pending litigation, about $350 million of which will be funded by its remaining insurance coverage, Xcel said. Individual agreements will still remain subject to final documentation and deliberation with individual plaintiffs. The December 2021 fire destroyed more than 1,000 businesses and homes in Louisville, Superior, and unincorporated Boulder County, taking two lives and forcing 37,000 people to evacuate. Despite the agreement, Xcel said its equipment did not cause or contribute to the fire and it does not admit any ...