Standard & Poor’s, a national bond ratings organization, rated Colorado Springs Utilities as an "above average" utilities and among the five best operated municipal utilities in the nation. CSU move up from its previous "somewhat above average" rating.
The business position rating analyzes municipal utilities in management, operations, rates, competitive position, and markets.
S&P’s report also notes that residential electric rates are 20% below the state’s average and 34% below the national average. Industrial electric rates are 11% below the state’s average and 25% below regional averages.
In addition, CSU received a "AA" bond rating from S&P for both a $66.6 million and $3.5 million bond. The bonds will help fund major capital projects.