Energy, Utilities & Water  May 19, 2015

Xcel Energy says it’s willing to work with Boulder on power purchase agreement

In a letter to the city of Boulder on Monday afternoon, Xcel Energy stated that it is willing to sell wholesale power to the city as it transitions its municipal electric utility toward renewable sources. But the company did not submit a specific proposal for doing so as requested by the city last month.

Instead, Xcel provided a “conceptual framework” for striking such a deal through negotiation that included three main components. Those included:

— Xcel is willing to enter such an agreement with Boulder and expects that it would use the same formula for rates that it uses to sell power to…

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