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.
___
Local towing company received at least double the number of calls during winter weather
A local towing company has received at least double the amount of phone calls Monday because of the winter storm.
____
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.
