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The Associated Press October 5, 2011, 2:46PM ET

Xcel spends to oppose Boulder forming own utility

Xcel Energy Inc. and the Boulder Smart Energy Coalition have spent about $471,000 to persuade voters in Boulder not to create a municipal utility.

Xcel had been seeking an agreement for Boulder to get its electricity from the company, but talks broke down this summer. The city's voters will decide in November whether Boulder should have the authority to form its own utility.

Xcel said Tuesday it contributed $250,000 to the Boulder Smart Energy Coalition and invested $188,954 in an educational campaign on the question. The utility says the spending won't affect customers' rates.

The Daily Camera reports ( that overall, Xcel and the coalition reported about $471,000 in campaign expenditures as of Tuesday, while four groups that support municipalization have spent a total of almost $41,000.

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