Pueblo City Council Approves Ballot Question on Black Hills Energy Separation
Pueblo City Council Approves Ballot Question on Black Hills Energy Separation

Pueblo City Council Approves Ballot Question on Black Hills Energy Separation

News summary

The Pueblo City Council voted 6-1 to place a question on the May 6 ballot asking residents if they want to cancel their franchise agreement with Black Hills Energy and potentially form a municipal utility. This decision follows a proposed 14% rate hike from Black Hills and aims to provide Pueblo with cheaper, locally controlled power, contingent on a forthcoming feasibility study. While proponents argue for the potential economic benefits, Black Hills Energy warns that municipal takeovers often fail due to high costs and risks, citing that over 90% of similar efforts do not succeed. The city is expected to share the feasibility study results before the vote, which could determine the future of Pueblo's energy provision. Some residents are concerned about the financial implications of such a move, particularly in light of past failed attempts to separate from the utility provider. The outcome of the special election could significantly impact Pueblo's energy landscape and economic development prospects.

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