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ATTACHMENT TO LOUISVILLE/XCEL ENERGY 2018-2019 WORK PLAN <br />ENERGY FUTURE COLLABORATION - MEMORANDUM OF UNDERSTANDING BETWEEN <br />THE CITY OF LOUISVILLE, COLORADO AND XCEL ENERGY <br />This Memorandum of Understanding ("Memorandum"), dated September 7, 2018, <br />outlines various overarching values, goals and shared principles between the City of <br />Louisville (the "City") and Public Service Company of Colorado, a Colorado corporation <br />and an Xcel Energy company ("Xcel Energy"). The Memorandum provides a strategy <br />for cooperation and achievement of a mutual vision through broad collaboration, focusing <br />on innovation, clean energy, economic development opportunities, customer choice <br />programs and technology ("Energy Future Collaboration" or "EFC Partnership"). The <br />City and Xcel Energy are each a "Party" and collectively the "Parties" to this <br />Memorandum. <br />BACKGROUND <br />A. The City is a Colorado home rule municipality. It is responsible for protecting the <br />public health and safety of its residents. <br />B. The City has various clean energy, economic development and resiliency goals <br />and desires, which have been developed in collaboration with the community <br />including with Xcel Energy, at times. <br />C. Xcel Energy is a statewide, integrated public utility energy provider, which is <br />regulated by the Colorado Public Utilities Commission ("PUC"). Xcel Energy <br />provides electric and natural gas service to the City and its residents. <br />D. For decades, a strong tradition of working together has progressed between the <br />City and Xcel Energy, resulting in a partnership of mutual benefit and both parties' <br />growth and development. <br />E. The City and Xcel Energy have many aligned interests at a local, state and federal <br />level and desire to advance those interests in a new way, capitalizing on each <br />entity's strengths and expertise via partnership. <br />F. To do this, the City and Xcel Energy are creating a holistic, collaborative mutually <br />beneficial relationship that supports the community and its energy goals. <br />G. The City and Xcel Energy desire to memorialize, in this Memorandum, their mutual <br />vision, guiding principles, values and goals regarding the EFC Partnership. <br />8 <br />13 <br />