Tuesday Colorado Springs City Council will hold a public hearing to discuss the proposed base rate increases for Colorado Springs Utilities.
Base rate increases are outside of electric and natural gas fuel rates, which are adjusted quarterly. They fund construction, maintenance, and operations.
At the end of September Colorado Springs City Council approved seasonal electric and natural gas rate increases which ultimately will cost the average customer about $8.72 a month.
WATCH: How Seasonal Rate Increases Will Impact Your Wallet
Utilities want to add $3.7 billion dollars in additional infrastructure over the next five years to meet the requirements of the state to reduce greenhouse gas emissions and continue capital improvement projects.
For all of us, that means we would pay an average of about $15 more a month or an estimated $168 a year. The base rate increases would be 6.5% for electric and water, 4% for natural gas, and 9% for wastewater for each year from 2025 to 2029.
The final vote will be next month on November 12. Tuesday's public hearing will be held during the city council meeting.
___
James Roland Bishop, builder of Bishop Castle passes away. How the castle he created is carrying on his legacy
Mr. Bishop spent 44 years of his life building the castle. It is now a staple of the state's history and leaves a 180-foot-tall legacy for his family.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
