The Boulder City Council will vote on Tuesday on whether to begin the next stage of municipalization from Xcel energy.
A vote in favor would mean the city would continue its analysis of the feasibility of the project, including as the reports "hiring a third-party, independent consultant to review its previous analysis, and begin preparing for condemnation proceedings against Xcel Energy. "
The reports that "the price tag for a municipal electricity system 鈥� including buying up all of Xcel's assets like lines, poles and substations that serve the area 鈥� is put at between $2.4 billion and $3 billion over 20 years, according to ."
According to the study, Boulder could "maintain a system that is reliable, cost competitive with Xcel and gets more than half its power from renewable sources," reports the Denver Post.
The Boulder City Council meeting will be held at 6 p.m. on Tuesday at the Boulder Municipal Building, 1777 Broadway.
