Boulder’s years-long efforts to create a city-owned-and-operated electric utility — and kick out Xcel Energy Inc. as its local utility — may be ending.

Boulder and Xcel (NYSE: XEL) on Wednesday issued a joint statement in which the two sides “acknowledge settlement discussions” are underway. But the announcement also said that neither side would halt its legal efforts during the settlement negotiations.

The announcement said the two sides were discussing potential terms of the settlement agreement, such as:

-Ways that Xcel and Boulder could support each other’s objectives and plans to cut greenhouse gas emissions.
Increasing the use of renewable energy.
-Increasing customer choice and program offerings.
-Supporting local pilot projects to test “innovative solutions associated with electricity generation, delivery and management.”

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