Colorado Springs Utilities Proposes Rate Reduction

By: KKTV
By: KKTV

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.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Dilbert Location: COS on Jan 19, 2012 at 10:23 AM
    Once upon a time, CSU would use a drop in the market rate for natural gas as a time to purchase future shipments at the lower rate- stabilizing costs over longer periods. Are they still doing this?
  • by Mike on Jan 19, 2012 at 08:04 AM
    I agree with rustylane. We need to put a stop to these rate DECREASES. Lol
  • by DanReeves Location: Los Estados Unidos on Jan 19, 2012 at 07:37 AM
    Really?! I didn't even read the article. I just read the headline. Someone dropping their prices? Really?! Wowsers!
  • by Anonymous on Jan 19, 2012 at 07:25 AM
    Really? Well didn't they just increase rates a couple months ago? Hmmm... They need to get their billing right. Every month I get my bill either PAST the due date, or a day or so before the due date. I realize there is no late fees and such, but it would be nice to be able to know what my bill is BEFORE IT IS DUE so that I can budget it in.
  • by rustylane Location: colorado springs on Jan 19, 2012 at 05:55 AM
    They just got a raise a few months ago, it seems that they are raising rates about every 4 months or so. My bill is over 300.00 a month now. They need to stop this.
  • by John Location: west side on Jan 19, 2012 at 05:16 AM
    in other news...electric rates will go up $1.76 per household
  • by Shelby Location: Colorado Springs on Jan 19, 2012 at 12:43 AM
    Approve it!!!!
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 137650938 - kktv.com/a?a=137650938
Gray Television, Inc.