Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
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 (http://bit.ly/pi6B7r) 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.