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The city of Colorado Springs and Colorado Springs Utilities will spend more than $27.7 million on stormwater improvements next year. The money will go toward capital projects, pre-disaster mitigation, staffing, operations and maintenance. It also includes $7 million in stormwater expenses to address effects of the Waldo Canyon fire. The money will be spent on:… Continue Reading City, CSU to spend millions on stormwater drainage improvements

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E-mails from City Councilor Tim Leigh about Colorado Springs Utilities have drawn a response from Utilities CEO Jerry Forte – but that response might have fallen on deaf ears. Leigh routinely regularly sends out his “Market Report” e-mails to a selective distribution list.  The Market Report was initiated when Leigh worked as a commercial broker,… Continue Reading Forte responds to Leigh’s e-mails about CSU, Drake

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It’s been a tough week for Colorado Springs Utilities. Continue Reading Utilities faces new hurdles

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The Colorado Springs City Council has not yet set a date for a special meeting about the future of the Martin Drake Power Plant. Council President Pro Tem Jan Martin confirmed the fact, despite reports earlier that it was slated for 1 p.m. Sept. 26 in Council chambers. “I believe that’s Yom Kippur,” she said.… Continue Reading No date set for Council meeting about Drake, Neumann

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The Colorado Springs Chamber/EDC has become the latest group to weigh in on the issues of decommissioning the Martin Drake Power Plant and the governance and ownership of the Colorado Springs Utilities. “They’re just the latest,” said Councilor Tim Leigh, who also sits on the Utilities board. “The RLF (Regional Leadership Forum) is interested in… Continue Reading Chamber/EDC becomes latest group to weigh in on CSU, Drake

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Springs Utilities to offer revenue bonds

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Colorado Springs Utilities will offer $153.3 million in series 2012C bonds to individuals and other investors Sept. 12, according to a press release. The majority of the bonds – about $110.6 million – will be used to refinance outstanding debt at lower interest rates, and the remaining $42.7 million will help finance utility system expansion… Continue Reading Springs Utilities to offer revenue bonds

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Following a long, contentious and apparently unadvertised public hearing, the Colorado Springs City Council, acting as the Utilities Board, declined to revisit their July 18 decision to finish installation of the $130 million Neumann Systems pollution control system on the downtown Drake power plant and defer any study of the plant’s future until 2013. News… Continue Reading Despite complaints, Utilities refuses to reconsider Drake decision

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City Councilor Tim Leigh is at it again – dropping bombshells via email. This time, Leigh wants the entire board of directors for the Colorado Springs Utilities, essentially City Council members in a different role – to step down. He wants to suspend the current board and have Mayor Steve Bach appoint an interim board… Continue Reading Leigh: Suspend Utilities board, mayor appoint interim members

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Tom Hudson, a successful real estate investor in Colorado Springs during the 1980s, had a simple business philosophy. “You don’t make money when you sell,” he used to say, “but when you buy.” In 1924, Colorado Springs voters passed a $1.25 million bond issue to buy out the privately owned company providing electric service to… Continue Reading Window for moving away from Drake might be closed

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NeuStream: moving forward at Drake?

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It’s been a tough three months for David Neumann … Continue Reading NeuStream: moving forward at Drake?

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