EES Consulting is slated to present the results of the Phase II Electric Utility Feasibility Study to the Pueblo City Council on Monday, October 28, beginning at 5:30 p.m. The feasibility study, commissioned by the Electric Utility Commission (EUC) and City of Pueblo, determined that a municipal electric utility provider serving Pueblo and surrounding Pueblo County areas is financially and legally feasible.
The Phase II Feasibility Study sheds light on the specifics of establishing a public power utility and concluded that there are enough benefits to justify forming a municipal electric utility. According to the study, the formation of a public power utility would result in lower operation costs, lower public supply costs and lower capital costs. As a result, customers could expect to see reduced rates as well as local control over their power supply, rates, local programs and key decision making.
Forming a public power utility requires the purchase of Black Hills Energy assets, and if needed, the City can legally pursue condemnation. The study also indicated that purchasing the entire Black Hills distribution system, for the entire service area, is the best and most efficient path forward.
The public is encouraged to join the meeting to hear the conversation. The council meeting will be broadcast on Comcast channel 17 and Facebook Live for those who cannot attend. Those who wish to submit their questions about Phase II or any other part of the process can do so online at www.pueblo.us/EUC.
The EUC will be hosting public events throughout the Pueblo community to receive feedback on the results. Details will be available soon at www.pueblo.us/EUC.