Boulder OKs energy ballot measures
Last Updated: 17:35 March 28, 2012
BOULDER - It will be up to Boulder voters to decide whether the city should form its own municipal utility.
City Council on Tuesday approved two ballot measures that will ask voters to give it the authority to create a municipal utility and to extend and increase the utility occupation tax to cover potential startup costs.
The city has been studying municipalization since last summer, after City Council decided not to sign a 20-year franchise agreement with Xcel Energy Inc.
The city, citing numerous reports from consultants it hired, believes it is economically, technically and financially feasible to create the utility. To do so would require the city take over the local distribution grid from Xcel Energy, which has said it will not sell the system and will fight takeover attempts in court.
The ballot measure authorizing the creation of the utility contains a provision requiring City Council to know the final cost to start the utility before issuing bonds. A second provision requires that customer rates be less than what Xcel energy charges at the time the grid is acquired.
The election will be conducted by mail-in ballots, which will be sent to active voters Oct. 10-14. Ballots are due back to the Boulder County Election Division by 7 p.m. Nov. 1.
Links to the ballot measures are available online at www.boulderenergyfuture.com.
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