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Reliance on downtown plant has not kept Colorado Springs electric rates low, study shows

Colorado Springs Utilities' residential electric rate is comparatively high despite reliance on the old downtown coal-burning plant, a federal report shows. And continued use of the Martin Drake Power Plant will cost more in the long run, global consultants have advised. Wednesday, the CSU board is to take a long-awaited vote on a new Electric Integrated Resource Plan that could guide Utilities for 20 years. The Downtown Partnership and clean-air advocates are pushing for Portfolio H, a plan that would phase out Drake entirely by 2029. The CSU staff and Customer Advisory Group have recommended Portfolio D, which would leave Drake Unit 7 running indefinitely. The board meeting starts at 1...

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