From The Colorado Springs Gazette (Conrad Swanson):
Colorado Springs Utilities CEO Jerry Forte, who oversaw the massive expansion of the city’s water supply and the decision to eventually shutter the downtown, coal-fired Martin Drake Power Plant, will retire at the end of May.
Forte, 63, who was earning nearly $450,000 this year, said he told the Utilities board of his plans Wednesday in an executive session.
“It’s something that we’ve worked on, we developed a transition plan and it was just a matter of when the time is right,” Forte said. “And for me, I think the time is just right.”
A Colorado Springs native, Forte was with the municipal utility since 2002. He was the chief operating officer his first four years with Utilities before being promoted to chief executive officer in 2006.