Boulder declares intent to acquire Xcel assets

BOULDER – The city of Boulder on Monday sent formal notice to Xcel Energy Inc., informing the utility of the city’s intent to acquire parts of its electrical system.

The notice kicks off formal negotiations with Xcel on the assets that Boulder would need to create a municipal electric utility. Good faith negotiations are required by law before the city can file condemnation action in district court. Xcel has maintained its position as an unwilling seller throughout the city’s exploration of municipalization.

The notice released Monday details the equipment that the city intends to acquire, including all or parts of seven substations…