Posted: May 12, 2010 2:31 AM by Greg Boyce
Updated: May 12, 2010 2:31 AM
The Colorado Springs City Council has approved a rate increase that will be spread out over two years. The fees will help pay for construction of the planned Southern Delivery System pipeline from the Pueblo Reservoir.
Water rates will increase by 12 percent, or about $5 a month for the average water user in January 2011 and in January 2012.
One gallon of water currently costs approximately one-half cent. Following similar rate adjustments expected in 2013 through 2016, a gallon of water will cost approximately one cent. That means water rates are expected to double between now and 2016 in Colorado Springs.
In addition, Colorado Springs Utilities has proposed lowering natural gas rates effective June 1, 2010. If approved by City Council, the typical residential customer will see a decrease of 5.8 percent, or about $3 per month, beginning on June 1.
This is the third gas rate reduction that Colorado Springs Utilities has passed along to its customers this year. The decreases are possible due to lower than expected wholesale natural gas costs.