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Work to Date

Work to Date. Selected team and began recruiting participants for stakeholder and technical advisory teams Charter Metrics Worked with stakeholder team to develop metrics that quantify charter goals Business Academic Activists Presented to council on October 16

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Work to Date

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  1. Work to Date Selected team and began recruiting participants for stakeholder and technical advisory teams Charter Metrics • Worked with stakeholder team to develop metrics that quantify charter goals • Business • Academic • Activists • Presented to council on October 16 • Metrics available at BoulderEnergyFuture.com

  2. Work to Date: Metrics

  3. Work to Date: Metrics

  4. Work to Date: Metrics

  5. Work to Date: Metrics

  6. Work to Date Financial Evaluation • Issued RFP for financial advisor specializing in public power financing, expect to make selection in next few weeks • Evaluated financial modeling tools and data requirements, moving forward with an Excel spreadsheet based format • Will be forming a team of stakeholders to vet model assumptions

  7. Work to Date Asset Acquisition and Reliability • Forming team of staff and technical experts • Includes engineers, appraisers, GIS data analysts, former utility (including Xcel) experts • Held kick-off meeting to vet plan and approach • Identified and collecting data for use in valuation, able to leverage off of existing records • Issued Engineering RFP – responses to Oct. 29

  8. Work to Date Resource Mix • Evaluated resource planning and optimization tools, selected one that already has 70% of what we need • Forming technical team to help develop electric resource options and cost • Recruiting experts in energy efficiency, demand side management, renewables, distributed generation, fossil fuel based generation, and transmission. Most from our local business community and CU.

  9. Work to Date Legal • Evaluating various legal strategies, but to maintain the city’s negotiating position, these have to be kept confidential • Looking at options to mitigate litigation risks, including stranded costs • Continue to be open to discussions with Xcel

  10. Evaluation of Risk & Benefits/Impacts Risk Assessment is part of work plan – critical to understanding impact of various strategies • Risks associated with both municipalizing and staying with Xcel • Strategies will be vetted for economic and community benefits/impacts • Risks will be identified, as well as ways to mitigate • Risk areas include: • Financial – Environmental – Separation – Reliability – Time • Modeling value and risk with assistance from a top economic expert in this field

  11. Evaluation of Risk & Benefits/Impacts Part of risk assessment is looking at what other municipalities have done, both successfully and unsuccessfully. • Longmont, Ft. Collins and many others have successful municipally operated electrical utilities • Also look at places that have experienced issues with their municipal utilities for lessons learned

  12. Reliability Comparison

  13. Rate Comparison Colorado Association of Municipal Utilities (CAMU) survey results – Jan. 2012

  14. Rate Comparison

  15. What’s Next • Intensive work plan analysis over the next five months • Community review of all work • Strategy presentation to City Council in the first quarter of 2013 • Council will advise on moving forward • Will also be an opportunity to take an “off-ramp” • Third party review

  16. What’s Next • OFF RAMPS • 1st Off Ramp in 1st Quarter of 2013 • Off ramps after the outcome of each major litigation point (throughout Phase 2) • Final analysis and recheck of assumptions at the end of Phase 2 • Visit www.BoulderEnergyFuture.com to review the work plan.

  17. Work Plan Analysis Areas • Consultants, technical engineers, local academics, community stakeholders and other interested individuals all contributing to analysis • Teams • Work Plan Creation and Vetting • Financial • Metrics and Criteria Development • Resource Mix • Technical • Facilities Managers Stakeholders • Legal

  18. We Need You How you can participate: • Become part of an advisory team • Follow us at BoulderEnergyFuture.com • Sign up for e-mails and monthly newsletter on project website • Provide feedback to specific questions at InspireBoulder.com • Invite us to your meetings for regular updates • Call or email me if you have questions: baileyh@bouldercolorado.gov, 303-441-1923

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