We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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A joint statement issued Thursday afternoon said the Boulder-Xcel Energy Partnership Task Force, made up of city officials, community and business leaders and representatives from Xcel, will no longer meet.
The group, which had met at least monthly since April 2013, disbanded itself when it became apparent that the city and Xcel Energy would not be able to reach consensus about revisions to the group’s operating agreement. That agreement addressed how information and documents presented in connection with the task force would be protected from use in future litigation.
The task force had revised its mission to focus on products and services that Xcel Energy would offer across its Colorado service territory.
Because of the expertise gained during the task force process, members of the group felt it was important to remain engaged with each of the parties, but will do so separately, on parallel paths, according to the statement.
Xcel Energy announced that it will not present its package of products and services to the Boulder City Council in June, but instead, will present proposals to the Colorado Public Utilities Commission beginning sometime this year. The city, too, intends to form additional working groups as part of its exploration of municipalization.
The city and Xcel Energy are grateful to the Task Force members for the time and effort they have put into this process. Their contributions have been invaluable.