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Boulder City Council authorizes purchase of local distribution system from Xcel Energy Page 2 of 2 <br /> to claim these costs, and the city recently received clarification from the Federal Energy Regulatory <br /> Commission that it is possible to mitigate these types of costs, if they apply at all, by continuing to <br /> buy some power from Xcel for a limited time." <br /> If approved by voters, the $214 million limit would be in addition to existing City Charter provisions <br /> that require the city to meet specific financial, service delivery and environmental requirements before <br /> issuing debt. <br /> The City Council-backed measure is designed to conflict with a citizen-petitioned initiative that is <br /> also related to the municipalization effort, the city said. The petitioned measure "limits the city's <br /> ability to carry out the direction it received from voters in 2011 by requiring additional voter approval <br /> by all utility customers before the issuance of any debt, regardless of whether the charter requirements <br /> can be met," Boulder said. <br /> The petitioned initiative "also seeks to limit these types of elections to every two years and require <br /> that all customers, including those who are not city voters, be included in any city election related to <br /> utility debt," the city said. "The measure does not establish a legal procedure for allowing this type of <br /> an out-of-jurisdiction vote." <br /> More information about the two ballot measures, including a Boulder Channel 8 video of the Aug. 20 <br /> City Council meeting, is available at BoulderEnergyFuture.com. <br /> The November ballot measures are in conflict with one another, so the following three outcomes are <br /> possible, the city said: <br /> • One measure passes and the other one fails; <br /> • Both measures pass; or <br /> • Both measures fail. <br /> If the City Council-backed measure has the most votes, the petitioned initiative will not take effect. If <br /> the petitioned initiative has the most votes, both measures will be in effect,but where they conflict, <br /> the measure with the most votes will prevail. <br /> If both measures fail, the City Council would have authority to issue bonds to create a local electric <br /> utility if certain conditions can be met. However, the council "has said it would seek to understand the <br /> intentions of voters and determine how to proceed at that time," the city said. <br /> The election will be Tuesday, Nov. 5. —JEANNINE ANDERSON <br /> 99 <br /> http://www.naylornetwork.com/app-ppw/articles/print-V2.asp?aid=231318 8/26/2013 <br />