Coopers & Lybrand has released its 1996 Electric Municipalization Review, which examines the two municipalizations completed since the Energy Policy Act of 1992: Broken Bow, OK, and Bozrah, CT.
Broken Bow, which began operating in 1995, serves the new six-megawatt (Mw) load of one industrial customer and owns no electric facilities; Public Service Co. of Oklahoma serves town residents. The Town of Bozrah had been served by a privately held corporation, Bozrah Light & Power (BL&P), whose owner was retiring and wanted to sell. The municipal utility in Groton, CT, bought BL&P for $5.4 million to enlarge its service territory and help replace its shrinking defense-related customer base.
The report also reviews six ongoing municipalization and other public power efforts:
The Wing Group: Assisting a group of New York cities to municipalize by taking over Niagara Mohawk Power Corp.'s facilities. Would bear all upfront costs and recoup investment from realized savings.