Posted: Nov 24, 2009 7:01 PM by News First 5
Updated: Nov 24, 2009 7:01 PM
Your utility bill may go up next year. Colorado Springs City Council gave initial approval to the increase at a public hearing on Tuesday.
Utilities is proposing a 2.3% increase to residential customers on water, wastewater and utilities. Natural gas would go down. An average residential bill of $180.21 would increase $4.18 while commercial bills would go down 4.6%..
Utilities says the rate increase is necessary because they have to make several system improvements. "A lot of that is based on regulatory mandates," said Dave Grossman, a spokesperson for Colorado Springs Utilities. "For example, we need to invest about $160 million in emissions control equipment at the Drake Power Plant by 2015 and as you know utilities projects take years, even decades to complete," he added.
Council spent a long time discussing a discrepency on the payment in lieu of tax - or PILT - that the city auditor calculated and the one utilities used. They want answers about this before making a final decision.
Rates went up 12% in February on electric, water and wastewater. City Council will decide on the rate increase on Dec 8.
if it passes, it will take effect january first.