Boulder repeals municipal utility ordinance, complies with Xcel lawsuit settlement
BOULDER — Boulder City Council members voted Tuesday evening to repeal a 2014 ordinance that provided a pathway for the city to establish a municipal electric utility, a decision that allows a lawsuit settlement with Xcel Energy Inc. (NYSE: XEL) to move forward.
Xcel, through affiliate Public Service Co. of Colorado, sued the city over the formation of that utility, which was never actually used, arguing that Boulder City Council overstepped its authority based on limitations of an amendment to the city’s charter in 2011. The amendment gave the city council authority to create a utility…
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