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PUC approves Durango Mountain Utilities ownership change and lower-cost financing with consumer protections
Summary
The commission granted Durango Mountain Utilities authority for a change in ownership, to secure lower-cost financing, and waived certain filing requirements after staff negotiated protective commitments for ratepayers.
The Colorado Public Utilities Commission on Oct. 1 approved a securities application from Durango Mountain Utilities to allow a change in ownership, to secure new lower-cost financing, and to encumber the utility to secure that financing, subject to a set of commitments negotiated with staff.
Mister Oserra, presenting the staff review, said the ski-area owners are forming a holding company that will consolidate the resort, related real estate and the utility. The reorganization…
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