The average Colorado Springs Utilities rate payer will see an $8.32 increase in 2012


From The Colorado Springs Gazette (Daniel Chacón):

Including a previously approved 12 percent water rate increase to help pay for the massive Southern Delivery System water pipeline, the typical residential bill next year would go up $8.22 a month, or 4.3 percent. Wastewater rates are proposed to stay the same…

Bill Cherrier, Utilities’ chief planning and finance officer, said the key drivers for the proposed rate adjustments are primarily capital projects. “The largest of these capital projects is Southern Delivery System, and it has a $141 million increase in capital for 2012,” he said. “Also included with 2012 is the NeuStream scrubbers for the Drake Power Plant. That is approximately $44 million, or 14.5 percent of the capital budget. These two projects represent nearly 60 percent of the capital budget.”

More infrastructure coverage here.

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