The Federal Energy Regulatory Commission has denied the city of Boulder’s request for a declaratory judgment that would limit how much money the city has to pay Xcel Energy Inc. for the utility’s “stranded costs” if a new, city-owned utility is formed, according to the Daily Camera.
Stranded costs are the value of the power supplies, plus the wires, poles and substations needed to deliver the electricity to the city. Minneapolis-based Xcel (NYSE: XEL) puts the figure at $255 million.
Boulder…
The Federal Energy Regulatory Commission has denied the city of Boulder’s request for a declaratory judgment that would limit how much money the city has to pay Xcel Energy Inc. for the utility’s “stranded costs” if a new, city-owned utility is formed, according to the Daily Camera.
Stranded costs are the value of the power supplies, plus the wires, poles and substations needed to deliver the electricity to the city. Minneapolis-based Xcel (NYSE: XEL) puts the figure at $255 million.
Boulder…