Sep 21, 2008 12:54 pm US/Mountain
Water, Coal Costs To Boost Springs Utilities Bills
COLORADO SPRINGS, Colo. (AP) ―
Colorado Springs Utilities is forecasting a 72 percent increase in monthly residential utility bills in the next 10 years, as prices for water and coal rise.
The forecast is for water, wastewater, gas and power services.
Water rates are expected to rise due to the $1 billion Southern Delivery System, a pipeline from Pueblo Reservoir that will increase the city's water supply by a third.
The forecast expects the portion of bills that pays for coal will rise roughly 80 percent by 2018.
The projections are based on inflation, competition and cost of borrowing and include cuts of 200 full-time employees from Utilities' payroll between 2006 and 2011.
Colorado Springs Utilities says the forecast is just an estimate.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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