City of Boulder signs 10-year hydroelectric contract

BOULDER — The city of Boulder signed a contract with the Tri-State Generation and Transmission Association for the sale of hydroelectric power generated at five of the city’s eight hydroelectric plants.

The deal is a 10-year agreement with an option to renew for another five years. It’s expected to generate about $500,000 per year in revenue, which will offset water utility capital improvements and operating costs that would otherwise be paid through higher water rates for customers.

The city had previously sold hydroelectric power to Tri-State from the Boulder Canyon Hydroelectric plant. This agreement renews…