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MUTUAL COLLABORATION <br />VALUES <br />The values are the standards that define what the community, the City and Xcel Energy <br />determine are important and desirable. Below are the City's and Xcel Energy's values for <br />the EFC Partnership. <br />1.1 City Environment: The City must foster and protect a healthy environment for all <br />residents, including access to clean water, clean air, and a livable climate, and be <br />responsible stewards of the environment for future generations. <br />1.2 Energy Provider. Xcel Energy must deliver safe, reliable, and affordable energy that <br />its customers need and expect, including adding cost effective renewable energy to <br />its system. <br />1.3 Emission Reductions: Reducing air pollution and greenhouse gas emissions will <br />benefit City residents, visitors, and businesses, through improved public health, <br />additional economic opportunities, and long-term energy price stability. <br />1.4 Economic Development: Innovation and technology as well as investment in clean <br />energy resources provide opportunities to attract businesses and boost the local and <br />state economy. <br />1.5 Thriving Energy Provider. Xcel Energy being a thriving energy provider is essential <br />to the City achieving its goals and objectives — ranging from the City advancing its <br />environmental goals to advancing economic development efforts — as well as to the <br />success of the EFC Partnership. <br />1.6 Thriving City: The City being a thriving, resilient community is essential to Xcel <br />Energy achieving its goals and objectives as well as to the success of the EFC <br />Partnership. <br />1.7 Regional Collaboration: Solutions should be sought through regional collaboration <br />whenever feasible. <br />VISION <br />Aspirations and goals, which drive a desired future, represent a person or organization's <br />vision. Each of the City and Xcel Energy has a vision and, as part of the EFC Partnership, <br />they have identified a shared vision. <br />2.1 City's Vision: The City of Louisville's vision is to support a sustainable future by <br />prioritizing environmental health, economic vitality and community well-being <br />consistent with the Louisville Sustainability Plan. <br />9 <br />