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Black Hills Energy makes offer to Pueblo on freezing rates

Posted at 5:50 PM, Nov 12, 2019
and last updated 2019-11-13 09:35:47-05

PUEBLO — Black Hills Energy has said they want to keep the City of Pueblo as a client and they have put a deal on the table to do so.

As News 5 has reported, the city is exploring whether or nor to open its own power company. The city has said Black Hills charges too much for electricity.

Black Hills has now proposed freezing rates in Pueblo for the next five years and investing more in the community, including renewable options to try and lower rates long term.

In response to that proposal, Pueblo Mayor Nick Gradisar said the following.

"You saw City Council's reaction last night to what the offer was to freeze rates, that they are not very excited about it and neither is the community very excited about freezing rates when they are at the highest level on the front range."

"We are just offering a better path for a better collaboration that is much safer and much better for our community," Vance Crocker with Black Hills said.

The city has cited its own study, claiming that if they left Black Hills and created their own power company, customers would see their energy bills drop by at least 10 percent.

This is still just a proposal and the city has until August 2020 to decide what to do with the Black Hills partnership.