Three reasons you need a rain sensor

Published: 8/7/2019  2:19 PM
​August weather can be unpredictable, alternating between 90-degree weather and monsoon thunderstorms. With the bustle of school starting and late summer routine changes, it’s a challenge to turn your sprinkler system off every time it rains-- not t ...

Smart technology powers the home of the future

Published: 7/30/2019  1:48 PM
We’re partnering with Classic Homes for the 2019 Colorado Springs Parade of Homes to showcase the parade’s smartest home yet, and to learn how smart technology will power the future.You can join us for a special 'Ask the Experts' tour with our energ ...

Innovative partnership protects 11,000 acres of critical watershed

Published: 7/23/2019  9:20 AM
​On July 23 we signed a Memorandum of Understanding (MOU) to continue our partnership with the U.S. Forest Service Region 2 Office and the Colorado State Forest Service to fund critical forest management and wildfire risk mitigation projects in area ...

Water outlook after 6 months

Published: 7/18/2019  2:15 PM
I love summer. Call me crazy, but I love the hot, dry weather. If you’re like me, the weather in June frustrated you to no end! While the weather didn’t do my disposition any favors, it did do wonders for our water supply. June’s weather brought t ...

Top 10 tips to keep cool this summer

Published: 7/17/2019  1:36 PM
​As temperatures rise and we transition from the cooler months into summer, you can take some easy steps to keep an attractive landscape and a comfortable home while using energy and water wisely. These 10 tips will help you reduce overall electric ...

AMI vendor contract signed

Published: 7/16/2019  1:02 PM
After months of evaluating proposals and contract negotiations, we have signed a contract with Landis + Gyr to update our end-of-life Automated Meter Reading (AMR) system with an enhanced Advanced Metering Infrastructure (AMI) system. As part of th ...

Hundreds attend Efficiency Expo

Published: 7/9/2019  11:01 AM
​The fifth annual Efficiency Expo welcomed approximately 400 people to the Conservation and Environmental Center on Saturday, June 22. Visitors had a chance to meet with staff and participate at 25 stations to discover efficiency tips that can help ...

Five tips to reduce yardwork

Published: 7/3/2019  2:15 PM
​Are you dreaming about getting out of town for summer vacation, but don’t want to neglect your yard? You’re not alone. After putting major effort into spring landscaping, most people like to turn to other activities for the summer. Unless you have ...

New Energy Vision adopted

Published: 6/18/2019  12:37 PM
​Energy Vision:Provide resilient, reliable and cost-effective energy that is environmentally sustainable, reduces our carbon footprint and uses proven state-of-the-art technologies to enhance our quality of life for generations to come. This is our ...

Turning commodes into roads

Published: 6/17/2019  2:43 PM
Saving water and reusing materials for the benefit of all customers Colorado Springs Utilities employees are constantly looking for new and innovative ways to save our customers money. One of the most creative ideas I'd ever heard of came about in ...

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Credit rating increase benefits all customers   

Tamela Monroe  by  Tamela Monroe, Chief Planning & Finance Officer  on  5/30/2019

Credit ScoresColorado Springs Utilities customers have something new to cheer about: this week S&P Global Ratings (Standard & Poor’s) issued a credit upgrade for Springs Utilities from AA to AA+.

Why should our customers care? Because our “credit score” went up, this will result in improved investor interest in our bonds and lower interest rates when we issue new bonds.

This rating upgrade makes a significant statement about the work being done at Colorado Springs Utilities. It is the result of fiscal responsibility while delivering operational excellence. We control costs by making prudent business decisions. The utility’s financial plan, commitment to financial discipline and metrics were major factors in the rating increase.

To better serve our growing customer base, we are thinking differently, becoming more creative and embracing new technologies. Part of S&P’s decision to upgrade us was based on our plans to reduce our reliance on coal generation resources.

We continue to demonstrate our commitment to solar energy and battery storage. We will take our renewable energy mix from 11 percent of our generation to more than 20 percent by 2024 allowing us to power more than 75,000 homes annually with solar energy.

Standard & Poor’s also noted our very strong service area economic fundamentals, reflecting our large, primarily residential and diverse customer base. Our financial policies and practices are also very strong. These include regularly-updated strategic plans, multi-year capital planning and financial forecasts, and an automatic power cost adjustment mechanism.

I’m thrilled to serve as the Chief Planning & Finance Officer of an organization that is innovative, adaptive and leads the utilities industry across the board. While our city continues to grow, we will be right there with it, strengthening our financial metrics even more. Because ensuring ratepayers’ money is being used responsibly and wisely for the benefit of the entire community is at the heart of everything we do. 

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Wednesday, June 26, 2019  2:48 PM  H. E. Miller