Broomfield City Council Agenda 2026-06-02
Xcel Energy Franchise Renewal Sent to November Ballot
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Description
Broomfield City Council is considering Ordinance No. 2307 to refer a new 20-year gas and electric franchise agreement with Public Service Company of Colorado (Xcel Energy) to voters for the November 3, 2026 election. The proposed franchise would continue the 3% franchise fee and 1% undergrounding program from January 1, 2028 through December 31, 2048.
Contract Details
Vendor
PUBLIC SERVICE COMPANY OF COLORADO DBA XCEL ENERGY
Agency
Town of Broomfield, MI
Contract Type
UTILITIES
Document Date
May 29, 2026
Contract Term
January 1, 2028 – December 31, 2048 (20 years)
Renewal Date
2048-12-31
Renewal Info
Renews and replaces the existing 20-year franchise approved by voters in 2007 (Ordinance No. 1872), with the new term to begin January 1, 2028 upon voter approval; maintains existing 3% franchise fee and 1% undergrounding fund.
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