MAYOR BACH COMMENTS ON XCEL LETTER TO CSU
Monday, July 14, 2014
Colorado Springs, Colo — Mayor Steve Bach indicated today in response to media inquiries that he will not be weighing in on whether Colorado Springs Utilities (CSU) should consider the apparent interest of Xcel Energy, Vision Ridge Partners and perhaps other electric utility providers in a purchase/lease/joint venture regarding the CSU electric generation division. CSU is an enterprise wholly-owned by the City of Colorado Springs.
The Mayor said that since CSU is controlled by the Colorado Springs City Council (doubling as the Utility Board) pursuant to the current City Charter, the enterprise is the purview of the Council, not of the Mayor. He stated that he respects Council’s unilateral authority over all matters regarding CSU, and believes it would be inappropriate for him to engage in a debate on the best long-term solution for the electrical generating division.
Mayor Bach concluded with, “However, as Mayor and as an ex officio member of the Utility Board, I’m counting on Council to diligently protect the long-term best interests of the CSU ratepayers and City taxpayers by assuring electric service reliability and the lowest possible rates, while thoughtfully and responsibly leading the enterprise regarding safety, operating costs, debt load, guaranteed pensions liability, EPA mandates and other risks.”