The wet spring = $3.4 million drop in sales for @CSUtilities in May but beats forecast

Colorado Springs with the Front Range in background. Photo credit Wikipedia.

From The Colorado Springs Independent (Pam Zubeck):

A damp spring that’s pushed Colorado Springs above its normal rainfall total translates to about $3.4 million less in water sales for Colorado Springs Utilities through May this year compared to the same five months last year.

The dip in sales likely is related to customers curtailing irrigation of lawns, golf courses and other vegetation.

Last year, Utilities collected $64.7 million in water sales through May, compared to this year’s $61.3 million.

The biggest gap between last year and this year came in May when Utilities’ water revenue totaled $18.3 million compared to $23.3 million in May 2018.

Water consumption in May 2018 stood at 2.9 billion gallons, compared to 2 billion gallons in May this year.

Because Utilities forecasted sales through May 2019 at $18 million but brought in $18.3 million, “We were OK,” says Utilities spokesperson Natalie Watts.

“In general,” she says via email, “when we do forecasting we tend to [err] on the side of conservativeness because we don’t want to get ourselves into a financial hardship. This is especially true during the months of May and October because the weather can be so different during those two months from year to year. We try to build in a little bit of a cushion in case of a bad year.”

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