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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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Board votes to keep Drake, NeuStream

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Neumann Systems Group and its sulfur dioxide scrubber are back on track after the Colorado Springs Utilities Board of Directors voted to end the slowdown on the project for the Martin Drake power plant. “We’re pleased with the decision,” said Rob Fredell, vice president for Neumann Systems Group. The CSU board of directors – comprised… Continue Reading Board votes to keep Drake, NeuStream

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Colorado Springs Utilities has issued requests-for-proposal to 10 companies to research the technical issues surrounding the future of the Martin Drake power plant. That study alone could cost up to $500,0oo, according to Utilities officials. It’s all part of the issues surrounding removing Drake from the downtown landscape – and Utilities has a plan to… Continue Reading CSU will hire consultant to study Drake options

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The Neumann Systems Group’s partnership with Colorado Springs Utilities has always raised eyebrows. People have questioned whether the NeuStream emissions-cleaning technology can possibly do what it has advertised to do, and they’ve wondered whether the public-private partnership is ethical. Others said CSU shouldn’t use public money to test unproven technology at Martin Drake Power Plant.… Continue Reading Neumann ponders options beyond Drake plant, coal

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When Colorado Springs Utilities announced last week that it was halting plans with the Neumann Systems Group’s Neustream emissions-cleaning technology, it was a setback, but this week Neumann has announced a new venture. And, it’s hoping to partner with CSU again. Neumann wants to integrate technology that extracts rare earth metals from fly ash, the… Continue Reading Neumann wants to partner with Utilities on new venture

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