Springs Utilities Considers Future of Drake Power Plant

Colorado Springs Utilities is considering whether to fix the Drake Power Plant, or shut it down after a fire earlier this month.

The coal plant was already on the chopping block and utilities was considering shutting it down in the next few years. In fact, Springs Utilities was in the middle of a decommissioning study when the fire broke out.

A spokesman for Springs Utilities says because the damage from the fire is covered under insurance, it makes sense to get the plant up and running again in order to provide less expensive power while they decide what to do with the plant in the long run.

The Colorado Springs Utilities board will meet Wednesday for its first regularly scheduled meeting since the fire. They will be talking to crews that have been assessing the damage in the plant. It will likely take months to get the plant up and running again.