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Expect good news when Colorado Springs Utilities sets rates for 2016

One of your best holiday gifts likely will be lower utility rates for 2016. Even under the worst-case scenario, your Colorado Springs Utilities costs won't climb. That's because natural gas prices are very, very low, at $2 per million BTU. "In my memory, this is as low as we've seen it consistently," said Jerry Forte, CEO of Utilities. "This is the result of a lot of production, a lot of supply and a lot of different factors. When our cost comes down, ratepayers' cost comes down." But the ratepayers' cost isn't expected to come down quite as far as CSU's costs. That's because Utilities strives for "rate stabilization" so its patrons experience consistency rather than wildly fluctuating...

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