BOULDER, Colo. (AP) – Xcel Energy officials are threatening to cut solar rebates and energy-efficiency programs if Boulder voters approve a plan to break from Xcel and start a municipal utility.

Xcel regional vice president Jerome Davis said in a letter Tuesday that during the five or more years it will take to form the utility, the company may have to discontinue the programs.

READ MORE: Here's Why We Need To 'Stop At The Click' When Getting Gas In Our Vehicles

According to the Boulder Daily Camera, Boulder Mayor Susan Osborne calls Xcel’s threat a ploy by a desperate corporation to block the initiative.

READ MORE: COVID In Colorado: State Requires Unvaccinated Residential Care Staff Be Tested At Beginning Of Every Shift

Before Xcel’s 20-year franchise agreement with Boulder expired last year, the city started exploring whether to create a municipally owned utility as part of efforts to reduce greenhouse gas emissions and get more energy from renewable sources.

MORE NEWS: All Lanes Of I-70 Open Again Through Glenwood Canyon

(Copyright 2011 by The Associated Press.  All Rights Reserved.)