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File #: 25-180    Version: 1 Name:
Type: Informational Report Status: Mayor's Office
File created: 3/19/2025 In control: City Council
On agenda: 3/25/2025 Final action: 3/25/2025
Title: A Resolution Setting the Gas Cost Adjustment Rate Effective April 1, 2025 Presenter: Travas Deal, Chief Executive Officer, Colorado Springs Utilities Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities
Attachments: 1. 03-25-2025 CC Mtg-GCA Resolution.pdf, 2. G Sheet 2.5 Rate Tbl - 2nd Revised - Final.pdf, 3. G Sheet 2.5 Rate Tbl - 2nd Revised - Redline.pdf, 4. GCA Worksheet.pdf, 5. 03-25-25 CC ECA-GCA.pdf, 6. Signed Resolution No. 44-25.pdf

 

Title

A Resolution Setting the Gas Cost Adjustment Rate Effective April 1, 2025

 

  Presenter: 

Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities

 

Body

  Summary:

Colorado Springs Utilities (Utilities) is proposing a change to the Gas Cost Adjustment (GCA) rate effective April 1, 2025.  The proposed GCA rate adjustment changes the current rate of $0.1725 per Ccf to $0.2804 per Ccf.

 

  Background: 

Utilities staff perform continuous monitoring of fuel related rates with monthly updates provided to the Utilities Board.

  Previous Council Action:

On September 24, 2024, City Council approved the GCA rate of $0.1725 per Ccf by Resolution 116-24.

 

  Financial Implications:

Implementing the proposed rates will impact the respective customer’s Sample Total Monthly Natural Gas bill:
                               Residential natural gas bill increase of $6.47 or 15.8%
                     Commercial natural gas bill increase of $133.80 or 23.1%
                     Industrial natural gas bill increase of $1,337.96 or 24.0%

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Approve a Resolution Setting the Gas Cost Adjustment Rate Effective April 1, 2025

 

Summary of Ordinance Language

N/A



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