Last week, the city and Xcel announced in a joint statement that the two are in talks on a settlement that would end Boulder's municipalization push and allow Xcel to continue as the city's electric service provider.
Boulder is not suspending ongoing litigation related to its bid, and what kind of deal those talks produces can't yet be known. Officials on both sides say they won't comment on negotiations until a conceptual agreement is reached. Heather Bailey, the city's energy director and, with a salary of $279,000, its highest-paid employee, also said Friday she wouldn't comment on the general structure of the talks, or on the personnel Boulder brings to them.
After announcing the potential for a settlement, city officials rushed to declare that the idea of Boulder abandoning its bid after five-plus years and more than $10 million spent shouldn't scare anyone, and is in fact consistent with promises the City Council made years ago to settle in the event of a deal that moves the city closer to its climate goals. Chief among those is a tentative plan to make Boulder's electricity supply 100 percent renewable by 2030.