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Erie council approves joint funding deal to extend Xcel power line to Town Center
Summary
Town Council approved a joint funding agreement to extend Xcel Energy distribution capacity to the Town Center area; the $1.8 million project is apportioned among Xcel (PUC-covered portion), Toll Brothers and other development partners, with the town temporarily covering its share pending reimbursements.
Erie Town Council voted to approve a joint funding agreement to extend off-site Xcel Energy distribution infrastructure to the Town Center area, a step town staff said is necessary for pending commercial and residential development there.
Town Manager Malcolm Fleming told council the need emerged in 2023 when Xcel reported insufficient electrical capacity for planned projects including 4 Corners, Toll Brothers’ development and Ranchwood. Fleming said Xcel’s initial estimate was “a little more than $1,800,000,” and under Public Utilities Commission rules Xcel will cover roughly one-third of that cost, leaving about $1.2 million to be split…
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