Xcel spends $450,000 to defeat ballot proposal in Colorado city

A Boulder city official says it's the most money ever spent on a city issue. The ballot proposal would oust Xcel Energy and create a city-operated energy company.
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A Boulder city official says it's the most money ever spent on a city issue. The ballot proposal would oust Xcel Energy and create a city-operated energy company.

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Xcel Energy profits up 3.6 percent

Higher rates helped boost the electric and natural-gas utility company. However, Xcel is concerned the mild winter weather could hurt its bottom line. The Minneapolis-based company operates in eight states.

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