Tag: travas deal
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Colorado Springs Utilities Board approves plan to increase CEO pay to $700,000
Colorado Springs Utilities CEO Travas Deal will make $700,000 a year — a pay increase of $150,000 — by the end of 2027 under an agreement unanimously approved Wednesday by the Utilities Board. Under the two-step pay increase plan, the CEO’s salary will go from $550,000 a year to $700,000. The first increase would take…
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Colorado Springs Utilities CEO could see pay jump of $150,000
Colorado Springs Utilities CEO Travas Deal could see his salary increase by $150,000 after the Utilities Board of Directors meets Wednesday afternoon. The Utilities Board, made up of the nine-member Colorado Springs City Council, is set to vote at Wednesday afternoon’s meeting on an update to Deal’s employment contract that would enact a major two-step…
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Colorado Springs Utilities Board approves drought resolution as conditions worsen
The Colorado Springs Utilities Board unanimously approved a drought response resolution Wednesday that allows the city to make operational changes to shore up its water supply amid dry and warm conditions that are expected to continue. The resolution also allows Utilities to increase messaging to customers about how they can lower water consumption as the…
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Colorado Springs Utilities plans to more than double electric generation capacity in next 5 years
Colorado Springs Utilities will more than double its electric generation capacity in the next five years, part of the agency’s efforts to meet state regulations for clean energy, support Colorado Springs’ growing population and ensure service reliability for customers. Utilities plans to add 1,500 megawatts of new electric generation capacity, the agency’s Energy Project Manager…
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Inaugural State of the Utility address highlights needed investments in Colorado Springs infrastructure
Editor’s note: This story has been updated to clarify that 20% of Colorado Springs Utilities’ electric generation is made up of hydroelectric, wind and solar power. Changing state and federal utilities regulations, evolving technology and limited resources are impacting how water and energy services are delivered in Colorado Springs — with a hefty price tag. But…
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Colorado Springs Utilities CEO: Governor’s carbon reduction plan may be too much, too soon
In 2021, Gov. Jared Polis released a long-range plan to make Colorado more environmentally friendly by reducing greenhouse gas emissions. Titled the Greenhouse Gas Pollution Roadmap, the plan called for the state’s electric utilities — which generated the majority of fossil-based emissions in Colorado — to reduce greenhouse gas pollution at least 80% by 2030.…