Hydro plant is a good investment
October 24, 2012
As a frequent visitor to Aspen for more than 30 years, I have been following the debate over completion of the hydroelectric project. Opponents of Aspen’s new hydroelectric project state that it will be too expensive and hurt the streams. I’m no stream expert, but I do have decades of experience in financial analysis, and the opponents seem to be misrepresenting the financial picture. I’ve reviewed the project finances, and the city’s calculations appear to be reasonable and correct.
Like most hydroelectric projects, this one will provide cost-effective power at predictable prices over a long life span. If Aspen fails to make the small additional investment needed to complete this project, it will not take advantage of the investments made to date and will most certainly result in even higher utility costs in the future.
It is hard to imagine such a forward-thinking community not taking advantage of an opportunity to control some of its energy future.