Boulder voters in November are likely to be asked to approve a $214 million debt limit on the acquisition of Xcel Energy’s physical assets.
That debt limit is not intended to represent Boulder’s estimates of the actual acquisition costs — city officials hinted they believe those costs will be lower — and it explicitly does not include possible stranded costs, which Xcel Energy says Boulder will owe if it forms a municipal utility.
Stranded costs are intended to compensate for investments in power generation that will no longer be needed.
The Boulder City Council voted unanimously Wednesday morning after a lengthy meeting dedicated to municipalization issues to place the debt-limit measure on the November ballot.
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