Xcel Franchise
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Xcel franchise renewal clears first Denver City Council committee hurdle
More than $180 million a year in franchise fees, infrastructure relocation savings and undergrounding funds would continue flowing to Denver under a proposed 20-year franchise agreement with Xcel Energy. It cleared a major City Council hurdle Tuesday, while adding new shareholder-funded bill assistance and requirements for neighborhood-compatible substation design. The current agreement, in place since…