What: Boulder City Council Study Session
When: 6 p.m. Tuesday
Where: Boulder Municipal Building, 1777 Broadway
More info: To read the complete memo on next steps in municipalization, go to tinyurl.com/a4o38ok.
The officials analyzing whether Boulder should form its own energy utility will be making a series of recommendations to the community and the City Council early next year.
On Tuesday, they'll make a progress report to the City Council on municipalization efforts, as well as discuss how the city's Climate Action Plan programs will evolve now that voters have renewed the CAP tax for another five years.
The study session will follow a roundtable discussion on possible alternatives to municipalization that are intended to promote dialogue with Xcel Energy.
At the study session, the City Council also will hear from financial consultants and engineers that have been hired to help with the analysis of municipalization.
The city has hired Public Financial Management under a $70,000 contract to advise officials on issues like cost modeling, rate projection and bonding scenarios.
Boulder also has hired two engineering firms -- Exponential Engineering Company and Schneider Electric -- to advise officials on the best ways to separate Xcel Energy's distribution system from the assets a city utility would need. Those firms also will advise the city on the engineering and technical steps that would allow the city to operate the "utility of the future."
Schneider Electric, whose contract is for $40,000, will produce a "best practices" manual designed to help the city provide reliable energy to many different customer types as a service rather than a commodity.
Exponential Engineering's contract is for $120,000.
According to a memo to the City Council on the municipalization process, the team working on municipalization has selected its modeling tools to develop cost models for a new utility and has been running different financial scenarios.
The team has also been working on its decision analysis process to identify risks and benefits of various options and developing resource modeling that will give the city a better idea of the energy mix it could achieve.
The city has mapped large portions of Xcel's electrical system within Boulder and is working on an asset inventory. The city still needs to develop a separation plan and analyze where it might build new facilities to supplement what it could acquire from Xcel.
The city will present its recommended strategies in January and hold a 10-day public comment period at the end of the month before giving its recommendations to the City Council.
Contact Camera Staff Writer Erica Meltzer at 303-473-1355 or email@example.com.