With former politicians Steve Pomerance and Shaun McGrath beating the drums towards municipalization in Sunday’s opinion section it was ironic to glance to the top of the page and find a column on the developing Solyndra scandal. The parallels are quite amazing. You have politicians rushing the taxpayers headlong into a costly and irrational greenwashed venture without conducting proper due diligence. Scurrying behind the scenes are former politicians likely bent on somehow getting their hands in the pot perhaps through future consulting deals and the like.
We have at least two city council members who voted in favor of bringing 2B and 2C to the ballot but have expressed public opposition to the measures since. We have promises of “rate parity” with Xcel which were carefully worded to not go past year one (although the advocates often fail to mention this). We have hugely irresponsible unlimited bonding authority that seldom gets mentioned. Who’s out there looking out for Boulder’s middle class taxpayers who stand to get crushed by the muni scheme?
Could we please just step back a bit and have a look at all of the unintended consequences coming our way? Spending $600+ million on outdated utility lines, poles, and meters without gaining one KwH of renewable energy will make the Solyndra debacle look like peanuts. Remember, unlike the federal scandal, there are only 100,000 of us to absorb this train wreck. The financial consequences will be real and felt by all. Let’s all learn a lesson from Solyndra. Please join me in voting no on 2B and 2C. For an honest look at this issue please visit www.bouldersec.com.