Colorado Springs Utilities Proposes Rate Reduction

The generally mild winter Southern Colorado has been seeing may pay off for thousands of Colorado Springs Utilities customers. Slightly lower bills could be coming soon. It is not a significant difference, about $1.35 per bill on natural gas rates.

A spokesperson from Colorado Springs Utilities says nationally the use of natural gas this winter (2011-2012) is down and the price for it is also down. That means the the company can pass some savings on to customers.

The cut has to be approved by city council. The utility company's proposal will be up for a vote on Tuesday, January 24. If approved, rates for natural gas only will drop for the average residential customer. That change will begin February 1.

Colorado Springs Utilities says the company is obligated to match their expenses with the revenues that they bring in. Spokesperson Dave Grossman says if the company sees reduced costs, they are going to put it back in the customer's pockets.

KKTV will let you know as soon as a decision is made on this rate reduction proposal.