07/13/2010 12:43 pm ET Updated May 25, 2011

Boulder, Xcel Would NOT Part Ways If Citizens Voted Today: Poll

If Boulder voters went to the polls today, they would likely turn down both a new franchise agreement with Xcel Energy and a new utility excise tax -- leaving the city with a $3.9 million hole in its general fund -- according to a new survey.

The Boulder City Council is considering whether to extend its franchise agreement with Xcel for another 20 years. The current agreement, which is set to expire at the end of this year, allows the utility to use city rights of way to exclusively provide electricity and natural gas to Boulder residents. In return, Xcel pays the city a franchise fee, which it collects from customers.

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