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kevinburke | 1 year ago

This is why I adjusted SF’s offer for population and then multiplied it by 50%, then used 400 million as the base for financing.

Financing at 4% interest is not the expensive part though. Even if the price was $1 billion it would be 6 cents per kWh.

I agree it would be bad if they had to fight in court for a decade! But you have to start somewhere and as I mentioned you might get a good outcome just from threatening to do it. My hope is the CPUC would force them to accept some offer.

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bunabhucan|1 year ago

In Boulders case the goal wasn't to strand rural customers with resiliency costs but to reduce emissions. Xcel moved in that direction enough that Boulder didn't need to municipalize. Owning poles and jiggling electrons would have allowed the city to do things like let homeowners access the 4% muni borrowing rate for solar loans that stay with the property via a tax lien. With the existing structure of public regulator and local monopolies, Xcel can't easily do anything "special" for Boulder without forcing poor rural places to share the costs.