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Title:
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Amendment to Steam Service Agreement with PSCO for existing facilities (Webb Building & Colorado Convention Center) establishing the rate at 96% of the base tariff and termination date of 12-31-2034. This is an amendment to the existing district steam agreement, which provides for steam service at the Webb Building and Colorado Convention Center. Steam, provided through Xcel Energy’s district steam system is used to heat these facilities. Steam service provides lower operating cost, increased reliability, and substantial capital cost avoidance.
This amendment extends the initial term of the original agreement to 12/31/2034, with options to renew for 10 year periods. This amendment also changes the method for discounting the rate from a complex calculation of inflation indices to a straight 4% discount.
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