Tag: rate increases
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High temperatures, Energy Wise drive costs for Colorado Springs Utilities’ power to new heights
July saw Colorado Springs Utilities reach new heights for how much the city’s customers paid for water and electricity. The municipal utility received $31.9 million in revenue from residential electric power last month, according to data provided to The Gazette. July was the only month in the last four years when Utilities customers collectively paid…
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Colorado Springs Utilities gives first look at $2 billion budget for 2027
The budget for Colorado Springs Utilities is expected to drop slightly for 2027, landing at just above $2 billion. The proposed budget was outlined at the Utilities Board working committee meeting on Monday morning. The $2.06 billion budget for 2027 would be a notable decline from this year’s $2.24 billion budget. Utilities financial planning manager…
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Colorado Springs Utilities CEO: Governor’s carbon reduction plan may be too much, too soon
In 2021, Gov. Jared Polis released a long-range plan to make Colorado more environmentally friendly by reducing greenhouse gas emissions. Titled the Greenhouse Gas Pollution Roadmap, the plan called for the state’s electric utilities — which generated the majority of fossil-based emissions in Colorado — to reduce greenhouse gas pollution at least 80% by 2030.…