Tristan Gearhart, Chief Planning and Finance Office for CSU - January 26, 2022 - KRDO’s Afternoon News
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As a community-owned utility, Colorado Springs Utilities does not make a profit on the rates we charge to power homes or businesses.
On Nov. 9, City Council approved a short-term increase in electric and natural gas rates (ECA and GCA). Fuel prices are rising globally, resulting in higher costs for Springs Utilities to deliver energy. New rates were effective Nov. 15., 2021.
Fuel prices have gone down, and as a result Colorado Springs Utilities proposed a decrease to the ECA and GCA.