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APPROPRIATION COMMITTEE REPORT, OCTOBER 9, 2007 TO STM <br />Article 5: Municipal <br />Electric Utilities <br />Resolution <br />Funds <br />Requested <br />Funding <br />Source <br />Committee <br />Recommendation <br />None <br />n/a <br />Approve (9 -0) <br />In light of the escalating costs of energy, the potential for rate savings to both the Town and to its <br />residents from the establishment of a municipal electric company cannot be ignored. Existing laws, which <br />govern the transfer of the infrastructure of local power distribution, make the establishment of such a <br />company infeasible. We support this resolution which calls for the removal at the State level of the <br />barriers to the establishment of a local municipal electric company. If this enabling legislation should <br />pass, then the Town would have the opportunity to undertake the arduous task of arialyzing the cost and <br />benefits of the establishment of a "muni" for Lexington. <br />The Committee unanimously supports this article. <br />Page 11 of 18 <br />