It started an Internet company in Durango that wants to be another Baby Bell. And through its political arm in the state, the Colorado Rural Electric Association, LPEA has pushed for local control over economic development by opposing Amendment 24, the defeated growth initiative on November s ballot. Cavanagh said there is also a distinction between economic development and growth. Economic development is building a stable economy with new businesses that will help diversify the economy. Fuel costs increase.
Labor costs go up.
To offset these pressures, most businesses raise prices on their goods or services, Potter said. But it is not a direction that LPEA wants to go. Instead, LPEA wants to increase revenue by selling more electricity. To sell additional product electricity LPEA encourages a modicum of growth. Partly this is a community service, partly because it helps control our destiny.