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
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Cool tips to beat the heat and save energy

Published: 6/10/2019  9:21 AM
This summer, we want to help you stay cool and save energy. Here are a few low-cost/no cost ideas that everyone can do today to be comfortable all summer long. Tips for keeping cool and saving energy 1. Drafts aren’t just a cold-weather concern. T ...



How to get your best summer landscape

Published: 6/6/2019  1:58 PM
It’s no secret that the weather in the Pikes Peak region is unpredictable. If you haven’t yet put away your winter sweaters, you’re aware this spring has been cooler and wetter than normal. It can be tempting to forget about your landscape now that ...



Credit rating increase benefits all customers

Published: 5/30/2019  3:52 PM
Colorado 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 ...



Helping our youth become water-wise citizens

Published: 5/21/2019  3:20 PM
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Community input drives Energy Vision

Published: 5/20/2019  2:48 PM
​One of the many benefits of a community owned utility is that you have a voice in the decisions made through public participation. This holds true with the development of our Energy Vision. The new Energy Vision will be our guiding principles that ...



Spring cleaning tips for inside the home

Published: 5/6/2019  3:22 PM
​While the weather this week doesn't exactly feel May-like -- even for Colorado -- it is a good time to tackle some spring cleaning projects inside your house that can help you save you money and use resources more efficiently.Here are a few tips: ...



Four tips for successful spring planting

Published: 5/6/2019  1:49 PM
Spring is in the air. The allure of beautiful plants can cause serious impulse shopping, but before you spend big bucks on plants that look great today, think through how you’ll set the stage for their long-term success. Here are four key considerat ...



Celebrating the men and women who provide our water during Drinking Water Week

Published: 5/2/2019  8:13 AM
​Drinking Water Week is a great opportunity to celebrate and focus on the men and women that provide safe, reliable and high-quality drinking water to our homes, businesses, and schools. Recently I traveled to Washington, D.C. to attend the Associa ...



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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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