Today, Colorado Springs City Council approved our budget and customer rates for 2020.
The 2020 budget is $954.4 million, slightly higher (1.9 percent) than the 2019 approved budget appropriation.
"The 2020 budget supports our mission to offer competitive utility rates, safe, reliable service and outstanding customer experiences,” said Chief Executive Officer Aram Benyamin. “The increases in next year’s budget is primarily driven by increased fuel and purchased power costs, rising operations and maintenance expenses, and increasing technology investments.”
Rates to support the 2020 budget were also approved and will take effect Jan. 1, 2020. The sample, monthly four-service residential bill will increase $5.71 (2.5 percent total, $5.22 for water, $0.49 for wastewater).
When necessary, in the fall of each year, we propose changes to the part of customer rates that support maintaining/building infrastructure (pipes, wires, plants) that is required to ensure safe, reliable quality utility services for our community.
Most commercial and industrial customers will also experience increases to base rates for wastewater and water services. Our online bill calculator is recommended to see how the proposed changes will impact them individually.
A new Green Power rate, effective in 2020, will allow customers to receive more renewable energy than provided through the standard electric service. This service will be available on a first-come, first-served basis.
We are a not-for-profit, community-owned utility, and our rates are based on the costs associated with serving customers.