Tag: electricity
-
Colorado Springs Utilities enters first summer with higher Energy Wise rates
Many homes have only had a few months to get accustomed to Colorado Springs Utilities’ new Energy Wise rates. Beginning Monday, they will have to adapt to a temporary increase in the rates. From the beginning of June until Sept. 30, rates during the peak hours for power use in Colorado Springs will be nearly…
-
10th Circuit upholds regulator’s methodology for Tri-State exit fees
The Denver-based federal appeals court upheld a regulatory agency’s methodology for calculating the fee owed by entities seeking to withdraw from Tri-State Generation and Transmission Association last week. Tri-State is a Westminster-based cooperative that provides and transmits electricity to member utilities throughout neighboring states and to other customers. Tri-State enters into long-term service contracts in…
-
Colorado’s 2040 ‘renewable’ energy goal faces cost challenges
A new state report outlined how Colorado plans to reach 100% “renewable” electricity by 2040, a goal that supporters argued is crucial to achieving “net zero” carbon in a few decades but which critics countered is happening too quickly at a significant cost to consumers. The report examined a buildout of wind, solar, batteries and…
-
Colorado Springs Utilities starts new rates for incoming customers
Beginning today, Colorado Springs Utilities will be charging new customers the Energy Wise Rates which vary electricity prices at different times of weekdays. The Energy Wise Rates charge a premium price for any electricity used between 5 p.m. and 9 p.m. weekdays. The higher peak is balanced out with lower power rates for holidays and…
-
Rollout for new Colorado Springs Utilities time-of-day power rates begins in October
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado Springs Utilities will begin transitioning customers to a new electricity rate system in October, with bills based on what time of the day customers run their power. The Energy Wise Rates are a time-of-use…
-
Colorado Springs City Council confirms approval of $1.8B Utilities budget for 2025
The City Council on Tuesday confirmed its vote to approve Colorado Springs Utilities’ $1.8 billion budget for 2025, including base rate increases for the next five years and a new time-of-day rate. The council at its regular meeting cast its second votes and unanimously approved next year’s budget and rate case for the municipally owned agency,…
-
City Council supports Colorado Springs Utilities 2025 budget, 5 years of base rate increases
The City Council on Tuesday unanimously cast its first vote to approve a $1.8 billion 2025 budget for Colorado Springs Utilities. The 2025 spending plan is 21% more than the approved 2024 budget and will feature base-rate increases for five years, plus a new time-of-day rate officials said could save residents money on their bills.…
-
‘The skyline is forever changed’: $20M demolition of Martin Drake is complete. Here’s what’s next.
The removal of the century-old coal-fired power plant marks a new chapter for Colorado Springs.
-
Colorado Springs Utilities proposes $1.8B spending plan for 2025, including base rate hikes
Editor’s Note: An earlier version of this story included a typo in city information regarding the amount of utilities department water capital expenses over the next five years. That number has been revised upwards based on the accurate city figure of $662,160,000. Colorado Springs Utilities ratepayers could pay an average of $14 more a month…
-
Tallest buildings at Drake Power Plant site demolished
Excavators on Friday rolled through hulking piles of rubble, splintered wood and columns of steam now marking the site of the former Martin Drake Power Plant, where the tallest structures have been taken down to ground level, including the epochal smokestacks that once peppered the Colorado Springs skyline. Crews with Ohio-based Independence Demolition this week worked…