Municipalization pitches open to public
Last Updated: 17:48 March 28, 2012
BOULDER - The five legal teams the city of Boulder is considering hiring to help it navigate the federal regulatory process as it considers municipalizing the electric grid are scheduled to give public presentations Thursday, Feb. 2.
The city is looking for a firm to act as an adviser and provide representation in potential hearings before the Federal Energy Regulatory Commission, according to a press release announcing the open house.
FERC regulations are one of two legal and regulatory processes the city must go through if it decides to take over the grid from Xcel Energy Inc. The commission will decide how much in "stranded costs" the city owes Xcel Energy, and whether the city's proposed municipal utility meets federal regulations.
Boulder City Council will not make a decision about whether to issue bonds to pursue municipalization until it knows the city can meet FERC regulations and all costs associated with acquisition are known, the release said.
The other legal issue is the eminent domain condemnation process, which Boulder would need to go through if it cannot negotiate an acquisition agreement with Xcel Energy.
The presentations will be held from 1 to 4 p.m. in the City Council Chambers, 1777 Broadway. Members of the public will be able to meet the lawyers following the presentations.
The city expects to interview the legal teams after the presentations and to hire a firm by mid-February, the release said.
Additional details about the meetings and information about the firms involved can be found online at http://www.BoulderEnergyFuture.com.
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