Paul Culnan: Nabobs of negativity on muniPublished on: Tuesday, March 29, 2016
Letter to the Editor:
I have to say that you, the Camera editors, have hooked me into writing you. The nabobs of negativity are getting plenty of press in the Camera. Mr. Haymes’ letter is so full of misleading statements and I only have space to tackle a couple of them. Windsource was originally a great program back in the ’90s and early ’00s but was morphed into another green smokescreen for Xcel’s coal-fired power plants. Not one windmill has been built or contracted for with any of the Windsource revenue since 2009. Xcel simply retires RECs that they don’t need for the legislatively-mandated Renewable Portfolio Standard. When I bought my house last year and signed up for Xcel electric and gas, I called and e-mailed Xcel several times trying to find out what Windsource was doing for the environment. Despite numerous conversations and e-mail exchanges, not one example was to given me of Windsource dollars causing the reduction of carbon emissions. I decided not to pay the extra. While the price of Windsource is proposed to drop to $15/REC, Xcel is also proposing to drop the incentive of Solar Rewards to $5/REC (half-cent per kilowatt-hour). They will buy for $5 the same REC they sell to Windsource customers for $15.
As for the 31 percent in the muni model that Mr. Haymes refers to, that has nothing to do with rates. It comes from a line in the model capitalizing interest on bonds for the first 18 months to build up working capital. While the model does not predict rates, it shows that rates could easily be within the Charter requirements for not only the first year, but the first 20 years.
I hope people who support reducing carbon emissions will write the Camera supporting the muni.
Paul Culnan lives in Boulder.
This letter to the editor was originally published by Boulder Daily Camera.