From the Daily Camera (Boulder): Boulder officials released a 20-year cash flow summary for the proposed municipal electric utility on Monday after a resident sued the city last week under the Colorado Open Records Act in order to obtain it and other information.
The financial model shows a steep cost-per-kilowatt-hour increase in the first three years of operation should a municipal electric utility be established in 2017.
The spreadsheet shows the average cost per kilowatt-hour for energy in 2017 as 9.25 cents. The figure goes up to 10.88 cents in 2018, and 12.16 center per kilowatt-hour by 2019. That is an approximate 31 percent increase from 2017 to 2019. After that year, the model levels off somewhat, only rising 13 percent – to 13.77 center per kilowatt-hour by 2022.
Patrick Murphy, the resident who filed the CORA suit against the city last week and a vocal critic of the city’s municiplization process to date, says the cash flow summary does not satisfy what he is asking for in his suit for several reasons.
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