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File #: 26-085    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 2/19/2026 In control: City Council
On agenda: 3/24/2026 Final action: 3/24/2026
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
Attachments: 1. 03-24-2026 CC Mtg-GCA Resolution, 2. G Sheet 2.5 Rate Tbl - 4th Revised - Redline, 3. G Sheet 2.5 Rate Tbl - 4th Revised - Final, 4. 04-2026 Gas Cost Adjustment Worksheet, 5. 03-24-2026 CC ECA-GCA.pdf

 

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



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