Boulder continues to move on the idea of forming its own utility.
The Federal Energy Regulatory Commission has denied the city of Boulder?s request for a declaratory judgment that would limit how much money the city has to pay Xcel Energy Inc. for the utility?s ?stranded costs? if a new, city-owned utility is formed, according to the Daily Camera.
Stranded costs are the value of the power supplies, plus the wires, poles and substations needed to deliver the electricity to the city. Minneapolis-based Xcel (NYSE: XEL) puts the figure at $255 million.
Boulder officials filed a petition with the commissioner in May asking it to set limits on how much the city would have to pay Xcel.
The commission denied the request on Monday, but did say that the total bill may be lower if Boulder continues to buy power from Xcel in order to supply the newly created utility. The commission also said the two sides can return to the issue later when they have more information to present, according to the Camera.
Also Monday, a group formed to oppose a ballot proposal regarding debt limits on the new utility ? a proposal supported by Xcel ? has challenged the signatures on the proposal, according to the Camera.
The city council also is considering its own competing ballot proposal.
Cathy Proctor covers energy, the environment, transportation and construction for the Denver Business Journal and edits the weekly "Energy Inc." newsletter. Phone: 303-803-9233. Subscribe to the Energy Inc. newsletter
Source: http://feeds.bizjournals.com/~r/bizj_denver/~3/APi8h6OZ85g/feds-deny-boulders-request-to-limit.html
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