Letter: Support 2J in New Castle
This fall, New Castle voters will be asked to vote for energy accountability on measure 2J. New Castle’s current franchise agreement with Xcel Energy expires this November, and this summer the Town Council unanimously agreed to send it to voters, in accordance with the town charter.
Xcel Energy needs access to city streets and property to maintain, operate and provide power to residents. This agreement outlines expectations, conduct and accountability, and requires Xcel to submit reports to the town every three years.
As part of the agreement, the town also collects a 3 percent fee from Xcel to pay for municipal services. Last year, the town collected about $94,000 from the franchise fee, which is critical to the overall budget to help pay for services and needed infrastructure.
With approval of 2J, funding through Xcel would also be made available for underground electrical wires, which improves walkways and views in town, an especially beneficial thing for local businesses that count on attracting visitors to New Castle.
This agreement and fee will not increase utility rates or property taxes. The agreement and fee is standard across nearly all municipalities in Colorado, which is why Xcel also supports 2J.
As a former mayor and town administrator for New Castle, I care about the community and urge residents to support 2J for the energy accountability it provides and the economic benefits it helps solidify.
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