Xcel Energy Serves Legal Notice on Boulder Muncipalization Efforts

Wed Apr 10, 2013 12:33pm EDT

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DENVER,  April 10, 2013  /PRNewswire/ -- Xcel Energy announced earlier this week
that it will pursue additional legal measures if  Boulder, Colorado  attempts to
provide electric service to customers outside existing city limits.  Xcel Energy
formally notified  Tom Carr, the City Attorney by letter that  Boulder  does not
have the legal right to serve Xcel Energy customers outside the city limits.  
Xcel has also made it clear previously that it does not favor annexation and
will work to continue to serve its customers within the city.

(Logo:  http://photos.prnewswire.com/prnh/20130312/LA75651LOGO)    

This legal notice came in response to  Boulder  city leaders who have announced
that they are studying a take-over of the Xcel Energy electric system.  In
February, the city revealed a plan to acquire 5,700 customers that live outside
the city limits to "minimize" the cost of separation.

"Boulder  needs to understand that we will not give up our legal rights to serve
our customers outside the city who have had no say in the original
municipalization study vote.  In the last year  Boulder  has discussed
annexation as the means to reduce these costs and that process cannot be
circumvented by attempting to serve our customers outside of the city limits,"
said  David Eves, President and CEO Public Service Company of  Colorado  (an
Xcel Energy Company).  "We continue to believe it will be in everyone's best
interest to work together to help  Boulder  achieve its energy goals while
remaining a customer of our company.   But if we can't find a way to make that
happen, we will take all actions necessary to protect our rights to serve them."

Xcel Energy (NYSE: XEL) is a public utility holding company headquartered in 
Minneapolis, Minnesota. The company serves 3.4 million electric customers and
1.8 million gas customers in eight states in the Midwest and Southwest,
including  Minnesota,  Colorado  and  Texas.

Contact:  Jennifer Wozniak, 1-303-294-2232,  jennifer.b.wozniak@xcelenergy.com

SOURCE  Xcel Energy

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