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Boulder’s energy future is brighter
Nov 6th
City outlines implications for possible creation of electric utility
While some votes remain to be counted tonight, ballot measure 2E appears headed for a significant victory with a competing ballot measure 310 poised for defeat.
The approval of measure 2E, pending final results, will give the city flexibility in moving forward with the initial 2011 voter-approved path toward exploring the creation of a local electric utility while also recognizing concerns about unforeseen costs and customer representation. Specifically, measure 2E puts a limit on the amount the city can pay to acquire the system and clarifies some out-of-city service issues. The ballot measure includes the following:
- Setting a limit of $214 million for acquisition of Xcel’s assets and stranded costs, if stranded costs are paid in one lump sum.
- Allowing out-of-city customers, if any are included, to serve on the advisory board of a potential local electric utility.
- Facilitating utility choice on a neighborhood-by-neighborhood basis to potential out-of-city customers.
- Requiring rates of out-of-city customers to be the same as those in the same class of in-city customers.
- Limiting brokerage fees associated with acquiring debt to industry standards.
These requirements are in addition to criteria passed by voters as part of the Charter in 2011. These are:
- Rates must be equal or less than those offered by Xcel Energy at the time of acquisition.
- The utility must have sufficient revenue to cover operating costs and debt, plus carry a reserve of 25 percent of the debt amount, referred to as “Debt Service Coverage Ratio.”
- Reliability must remain comparable to that being offered by Xcel Energy.
- There must be a plan to increase renewable energy in the supply.
- There must be a plan to decrease greenhouse gas emissions that result from a fossil-fuel based electricity supply.
The original 2011 voter-approved Charter language on municipalization can be found at –http://www.colocode.com/boulder2/charter_articleXIII.htm. The provisions in 2E will be added to the existing Charter requirements.
“We are pleased with the results of today’s election concerning the municipalization ballot items,” said Heather Bailey, executive director of energy strategy and electric utility development. “The additional requirements set by 2E will address concerns about the unknown amounts of acquisition and stranded costs associated with forming a local utility and help define the path the community would like us to take towards creating the electric utility of the future right here in Boulder.”
The next steps in the municipalization exploration study will focus on the negotiation and acquisition process associated with obtaining the infrastructure the city would need to operate a safe and reliable local electric utility.
All information related to Boulder’s Energy Future and the municipalization study is available atwww.BoulderEnergyFuture.com.
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CU study: Foreign students should stay
Nov 5th
foreign Ph.D. students to stay, CU-led study finds
Encouraging more talented foreign students to study at U.S. universities and encouraging them to launch entrepreneurial ventures here could help “revitalize innovation and economic growth” in this country, a trio of economists led by University of Colorado Boulder Professor Keith Maskus concludes.
Maskus and co-authors Ahmed Mushfiq Mobarak, associate professor at the Yale School of Management, and Eric T. Stuen, assistant professor at the University of Idaho College of Business and Economics, make this case in the Policy Forum of the Nov. 1 edition of the journal Science.
The economists’ perspective draws on their study of 100 research-intensive U.S. universities in 23 science and engineering fields, which found that both U.S. and foreign students are “essential causal inputs into scientific discovery.” The trio has also found evidence that increased student diversity boosts innovative research.
Maskus and his collaborators have found that high-performing foreign-born Ph.D. students improve the “creation of knowledge” in U.S. universities. When knowledge is created, it tends to drive entrepreneurial investment and economic growth.
In fact, the researchers found, “The productivity of the average American university science and engineering laboratory in generating publications is a bit higher if it has students from 10 different countries than if it has 10 students from one country.”
That might not seem intuitive, Maskus acknowledged. “What it comes down to is that people trained in different traditions tend to have different specialties in terms of how they come to a teamwork environment. And teamwork is more productive, more efficient if you have people with divergent ideas, so they can play off of each other.”
Such diversity of intellect, capacities and specializations makes a measurable difference, Maskus added. “It doesn’t matter so much on a factory line, but it matters a lot in an intellectual sense when you’re trying to be innovative and creative.”
The publication comes as Congress weighs whether and how to change the U.S. immigration system. A bipartisan bill that cleared the U.S. Senate in June but has stalled in the House includes provisions that partly mirror those recommended by Maskus and his team.
Based on data showing that highly skilled Ph.D.s in science and engineering tend to generate new jobs where they work, the bill would pave the way for Ph.D.s in science and engineering who are from foreign countries to gain permanent U.S. residency after graduation.
U.S. law requires foreign students to leave the country after earning their Ph.D.s unless they find employers willing to sponsor their visas, which, Maskus and his colleagues note, might not lead to permanent U.S. residency. In recent years, the percentage of foreign Ph.D.s remaining in the United States after graduation has declined.
The Senate bill would grant a green card, or permanent residence, to foreign students who get a Ph.D. in science or engineering at American universities. The bill would also facilitate green-card status to those who have recently earned doctoral degrees in science and engineering at recognized scientific institutions worldwide.
Maskus and his colleagues also recommend an entrepreneurship visa. Such a visa could be granted to those who have secured a patent and met certain milestones for getting that idea commercialized. The idea is similar to an investment visa—granted based on immigrants’ investment in the U.S. economy.
This year, Canada implemented an entrepreneurship visa that includes inventive foreign Ph.D.s. The program aims to attract science and engineering graduates from U.S. universities.
“Ultimately we think this is an important way of reinvigorating economic growth and technological change in the U.S.,” Maskus said.
Additionally, the trio contends that decisions to grant student visas to prospective graduate students from foreign countries should be granted on more factors than just their ability to pay. Historically, the ability-to-pay requirement has been used by immigration officials as an indicator that foreign students will return to their countries of origin.
In the case of foreign Ph.D.s in science and engineering, such a requirement “is short-sighted,” Maskus said. “The country should welcome people who can contribute in developing innovation and new technology and permit them to stay.”
“You have to have access to the best innovative inputs and resources in the world,” Maskus said. “The Europeans recognize that, the Australians, the Canadians.”
Addressing a commonly expressed fear, Maskus and his collaborators do not find evidence that granting green cards to high-performing foreign Ph.D.s would displace American Ph.D.s.
The research of Maskus, Mobarak and Stuen reinforces recommendations of groups ranging from the U.S. Chamber of Commerce to the National Academy of Sciences.
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Flood rebuilding Hazard Mitigation Review applications to begin November 4
Nov 2nd
Boulder County, Colo. – Updates to the Boulder County Land Use Code were recently approved by the Planning Commission and Board of County Commissioners to allow for the rebuilding of structures in the unincorporated areas of the county that were destroyed or severely damaged in the September 2013 flood event. The interim changes aim to ensure that public safety and properties are protected through hazard mitigation.
The Land Use Department will begin accepting appointments for onsite pre-application meetings for the Hazard Mitigation Review beginning Monday, November 4. Affected property owners should call the Flood Rebuilding and Permit Information Center at 303-441-1705 to sign up for an appointment.
Flood-impacted residents of unincorporated Boulder County who have questions about the rebuilding process are encouraged to call, email or stop by the Flood Rebuilding & Permit Information Center to speak with a staff member. The center is staffed by functional experts in onsite wastewater (septic) systems, floodplain regulations, transportation (including bridges and driveways), planning and building codes.
Flood Rebuilding & Permit Information Center:
Hours: 10 a.m. – 4 p.m. M–F
Location: Boulder County Land Use Department, 2045 13th St., Boulder (map)
Contact: floodrecovery@bouldercounty.org or 303-441-1705
The purpose of interim regulations is to allow for the rebuilding of destroyed or severely damaged structures without formal Site Plan Review, when it can be done in a safe manner through Hazard Mitigation Review. The regulations allow for flexibility for damaged structures to be rebuilt in different locations if significantly better from a risk hazard standpoint, and would retain applicability of the County’s floodplain development regulations.
After receiving public input the Board decided to not have a specific end date for these provisions; however staff has committed to additional regulation revisions in the coming months to aid property owners who were affected by this disaster.
As of October 31, preliminary damage assessments by the Land Use Department showed that, in unincorporated Boulder County approximately 72 properties have structures that were destroyed or significantly damaged, and 145 properties have structures with major structural damage. The numbers of destroyed or significantly damaged properties are still preliminary and incomplete – and will change – as more damage assessment is done and data is refined. Hundreds more properties were flood-affected but did not experience structural damage.
Visit www.bouldercountyflood.org for rebuilding resources and more information on flood recovery.