City Council Agenda and Packet 2019 07 30

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2.2 Xcel Energy's Vision: Xcel Energy will be the preferred and trusted provider of the energy its customers need. As such, Xcel Energy wants to partner with the City to support the City's energy vision, goals and objectives and also advance its plans that align with those of the City and Xcel Energy's customers. 2.3 Mutual Vision: Through the EFC Partnership, the City and Xcel Energy will work to support and achieve each other's vision and objectives in areas of mutual alignment. GUIDING PRINCIPLES As the City and Xcel Energy, in conjunction with the community, seek achievement of their mutual vision certain tenets will be followed. These principles will supply the "how" of achieving the mutual vision and execution of the EFC Partnership. 3.1 Collaboration: The City and Xcel Energy will work collaboratively to achieve the mutual vision, with respect, transparency, and innovative thinking. 3.2 Prioritization: The Parties will make the EFC Partnership, and its successful implementation, a priority. As part of this, the Parties will prioritize their goals and objectives. 3.3 Scalability: The EFC Partnership paradigm developed between the Parties must be scalable and available to other communities in Colorado. 3.4 Avoidance of Cost Shifting: Pursuit and execution of the EFC Partnership, including renewable energy and sustainability targets, will be in a manner that is cost effective to City residents and does not shift costs among them or to others in the State. 3.5 Public Policy Support: The City and Xcel Energy will collaborate to advance public policy matters at the state and local level where they share common interests. Nothing in this Memorandum requires either party to take any action that it deems not to be in its best interest. 3.6 Colorado Regulatory Model: The state regulatory model will be fully utilized to support the EFC Partnership and the Parties support using this model to achieve the mutual vision. The Parties also agree that this model supports Xcel Energy being a thriving energy provider. 3.7 Leveraging City Efforts: The EFC Partnership will support the City's efforts that buttress the City's goals, such as collaboration on federal and private grants and funding opportunities that align with the partnership efforts. 3.8 Leveraging Xcel Energy Statewide Efforts: The EFC Partnership will support Xcel Energy's efforts that buttress City goals, such as Xcel Energy's proposed Colorado Energy Plan, which provides a jump start on the City achieving its sustainability and environmental objectives in an economic manner. 10