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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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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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Later this month the Colorado Springs Urban Renewal Authority will vote on a complex incentives package for a proposed data center in southeast Colorado Springs. If built, the project will include up to 10 buildings totaling 800,000 square feet. Aggregate private investment: nearly $1 billion. Projected power requirements: 100 megawatts. Political impact: The project depends… Continue Reading Keeping Drake could be essential to data center plans

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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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The future of the Neustream coal scrubber is in doubt, and that puts the future of Colorado Springs-based Neumann Systems Group in jeopardy as well … Continue Reading C.S. Utilities puts stop on Neumann

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Drake Power Plant’s days could be numbered. But it could be decades before the familiar plumes of steam no longer dominate the downtown landscape. The Colorado Springs Utilities Board of Directors – essentially, City Council – asked the utilities staff to study the feasibility of de-commissioning Drake, the coal-fired power plant. Tentatively, the study will… Continue Reading Utilities to study options for Drake power plant

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