Boulder wants to buy out Xcel and have their own municipal utility

Boulder votes in landslide against Xcel attempt to block longterm clean-energy plan


City residents here voted in a landslide in the election that ended Tuesday to move forward with a plan to buy out Xcel Energy and run their own electric system. The vote and the coming potential buyout are part of a larger pathbreaking plan gaining attention around the world to majorly ramp up use of renewables by pushing aside what many here see as a genetic hesitation on the part of Xcel to do the same. Xcel is a major regional power company that has moved toward renewables steadily in Colorado, but mostly just to meet standards set by the state. Xcel’s Boulder critics say it’s a company that has long done the bulk of its business hand in hand with the coal industry and that is tied to fossil fuels more generally through official partnerships, tacit agreements and institutional stasis.
Comment: Big mistake! But as an Xcel stockholder I will appreciate the cash

No comments:

Post a Comment

Any anonymous comments with links will be rejected. Please do not comment off-topic