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Despite a full-court press by Colorado Springs’ business and community leaders, its federal lobbyist and the state’s congressional delegation, no money was approved for watershed management or protection after the Waldo Canyon fire and the High Park fire. The House of Representatives failed to pass an amendment to an appropriations bill that delegated funds to… Continue Reading House fails to approve Colo. money for watershed protection

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Two giants seem poised to battle it out over the Martin Drake Power Plant. On one side is the Sierra Club, with 1.4 million members, thousands of volunteers and an aggressive, well-funded legal arm. On the other, Colorado Springs Utilities, a multi-billion-dollar, city-owned enterprise with deep pockets and legal resources of its own. In the… Continue Reading Battle lines drawn over Drake: Sierra Club vs. CSU

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In October, Colorado Springs Utilities presented our 2013 annual budget to the Utilities Board. It’s a lean, responsible spending plan focused on delivering our customers essential utility services and helping to strengthen the community we serve. Our 2013 budget is $1.059 billion, $52 million less than last year’s budget. This reduction is largely the result… Continue Reading Lower fuel costs, efficiency keep Utilities’ bills down

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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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