Title
A Resolution Setting the Gas Cost Adjustment Rate Effective April 1, 2026
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, 2026. The proposed GCA rate adjustment changes the current rate of $0.3263 per Ccf to $0.1994 per Ccf.
Background:
Utilities performs continuous monitoring of fuel related rates with monthly updates provided to the Utilities Board.
Previous Council Action:
On June 24, 2025, City Council approved the GCA rate of $0.3263 per Ccf by Resolution 81-25.
Financial Implications:
Implementing the proposed rates will impact the respective customer’s Sample Total Monthly Natural Gas bill:
Residential natural gas bill decrease of $7.62 or 15.2%
Commercial natural gas bill decrease of $157.35 or 20.4%
Industrial natural gas bill decrease of $1,573.56 or 21.0%
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
N/A
Recommended Action
Proposed Motion:
Move approval of the Resolution.
Summary of Ordinance Language
N/A