The Pueblo Board of Water Works drops proposed 2012 water rate increase to 3.5% due to a reduction in anticipated electrical costs

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From The Pueblo Chieftain (Chris Woodka):

Even though there still are a lot of floating pieces in the puzzle, the water board directed staff to prepare a budget that would increase rates 3.5 percent, rather than the 5 percent anticipated last month. As recently as September, the water board had looked at an 8 to 9 percent increase, but made internal budget adjustments to hold the rates lower. A public hearing on the budget and rate hikes will be at 2 p.m. Nov. 22 at the water board’s offices, 319 W. Fourth St.

“This has been a challenging year not only because of the economy, but because of the Black Hills Energy increases,” Executive Director Alan Hamel told the board at a workshop Thursday. “We’ve been an intervenor in several Black Hills rate increases.”

To save costs, the water board teamed up with the Fountain Valley Authority and city of Pueblo to intervene in rate cases.

“We want dependable electric service,” Hamel said. “We are trying to spread the impact over more years, so we don’t get more rate shock.”

More Pueblo Board of Water Works coverage here.

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