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Tag: Franchise Agreement

Denver Ballot Measure Will Determine Xcel Partnership As Millions In Revenue Are At Stake
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The Denver Gazette, Approved, Local

Denver Ballot Measure Will Determine Xcel Partnership As Millions In Revenue Are At Stake

By: Deborah Grigsby | The Denver Gazette This November, Denver voters will decide whether to renew the city’s longstanding franchise agreement with Xcel Energy. Members of the Denver City Council approved on Monday sending a proposed 20-year franchise agreement with Xcel that would deliver more than $180 million a year in franchise fees, infrastructure relocation savings and other undergrounding funds to the ballot. The vote was 10-2 with Councilmembers Shontel Lewis and Sarah Parady holding the two dissenting votes. “Denver has negotiated the strongest energy partnership agreement in the history of Colorado, and importantly, the benefits of this agreement and of being a franchisee extend far beyond any of the individual listed improvements and accomplishments,”...
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Denver City Council Pushes Back On Xcel Energy Franchise Extension
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Denverite, Approved, Local

Denver City Council Pushes Back On Xcel Energy Franchise Extension

By Denverite Staff | The Denverite The Denver City Council threw a curveball for Mayor Mike Johnston’s administration and the state’s most powerful utility on Monday night. Xcel Energy is seeking an extension of the franchise agreement that allows it to operate in Denver. The agreement, up for renewal after 20 years, requires the approval of Denver voters. But on Monday, the city council voted against placing the measure on the November election ballot. Council members raised a variety of concerns about Xcel’s service in the city, and said they wanted to take more time to talk with community members and negotiate the agreement. The city council may still have time to place a modified measure on this November's ballot, or it could wait for an election next year, but city leaders...
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