Boulder Council Voices Concerns Over Xcel Energy Profit Shifts and Rate Increases

September 05, 2025 | Boulder, Boulder County, Colorado


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Boulder Council Voices Concerns Over Xcel Energy Profit Shifts and Rate Increases
As the sun dipped below the horizon, casting a warm glow over Boulder City Hall, the atmosphere buzzed with anticipation. Residents gathered to voice their concerns and hopes during the City Council meeting on September 4, 2025. Among the most pressing topics was the rising cost of electricity, with a focus on Xcel Energy's financial practices that have left many residents feeling the pinch.

One speaker, a long-time advocate for energy reform, highlighted alarming statistics about Xcel Energy's profits, revealing that the company has extracted nearly $800 million from Colorado in recent years. "For Boulder, that counts to well over $20 million a year leaving our community," he stated, urging council members to keep pressure on the utility provider. His passionate plea underscored the growing frustration among residents regarding the utility's rate increases and stagnant sales over the past two decades.

The discussion took a more heated turn when another speaker, Lynn Siegel, expressed her discontent with the city's handling of energy issues. "We needed to municipalize yesterday," she declared, criticizing the council for not taking more decisive action against Xcel's practices. Her fervent remarks resonated with many in the audience, reflecting a broader sentiment of urgency for change in local energy governance.

As the meeting progressed, council members responded to the public's comments, acknowledging the concerns raised about energy costs and the need for transparency in city policies. They assured residents that their voices would be heard and that the council would continue to monitor developments, particularly regarding land use changes in the Iris Fields area.

The evening concluded with council members expressing gratitude to those who spoke, emphasizing the importance of community engagement in shaping local policies. As the council prepared to transition into the business portion of the meeting, the discussions highlighted a community grappling with the complexities of energy management and the desire for a more sustainable and equitable future. The echoes of the evening's passionate pleas lingered in the air, a reminder of the ongoing dialogue between residents and their local government.

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