Travas Deal

The Board discussed customer concerns regarding Senate Bill 26-022 and the operational status of the Ray Nixon Power Plant. Recognition was given for the company's designation as a 2026 Military Friendly Employer. Presentations included an update on the Arkansas Water Sharing Program involving local farming partnerships, the Electric Large Load Rate Schedule, and the Distribution Integrity Management Program (DIMP) Acceleration Plan, which involves a temporary natural gas bill rider. Additionally, the Board reviewed various intergovernmental agreements, including the Northern Monument Creek Interceptor project, regional service agreements with metropolitan districts, and a water-sharing agreement with the City of Aurora. Proposed natural gas service boundary adjustments were reviewed, and potential changes to the City Code and Council rules regarding the rate change process were discussed, followed by an executive session.

The committee addressed a range of operational and strategic topics, including an update on Senate Bill 26-022 concerning the Ray Nixon Powerplant and the implementation of zero-based budgeting. The meeting included reviews of compliance reports on risk management, economic development, and community investment. Additionally, the committee discussed the Electric Cost Adjustment and Gas Cost Adjustment forecasts, an administrative update to the Electric Large Load Rate Schedule, and a plan to accelerate infrastructure remediation under the Distribution Integrity Management Program via a temporary bill rider. The board also reviewed proposed changes to City Code regarding ex-parte communications and postponed a decision on a new assignment for the Utilities Policy Advisory Committee.

The meeting included reports on internal compliance, safety moments, and risk management. Discussions covered the 2026 legislative session, the plan of finance overview, and the North Slope Recreation Area plan. The Board reviewed drought response resolutions, net metering survey results, and various financial adjustments related to electric and gas costs. Additionally, the Committee addressed the distribution integrity management program for natural gas infrastructure and discussed procedural changes to City Code and Council rules regarding rate change processes.

This document outlines Colorado Springs Utilities' five-year financial plan for 2025-2029, detailing proposed annual rate changes for Electric, Natural Gas, Water, and Wastewater services. The plan aims to fund critical investments in system reliability, regulatory compliance, and growth-related infrastructure, including Sustainable Energy Plan (SEP) projects, and address inflationary costs. A key initiative is the implementation of Energy-Wise Time-of-Day rate changes, effective October 1, 2025, designed to align customer demand with service costs, reduce peak demand, and support a sustainable energy transition by incentivizing customers to shift electricity usage to off-peak periods.

The board meeting covered several critical topics including revisions to the Financial Conditions and Risk Management governance manuals, updates on the Arkansas Basin Water Sharing Program, and progress on the Distribution Integrity Management Program (DIMP) acceleration plan. Additionally, the Board discussed electric large load rate schedules, natural gas service boundary adjustments for the Sterling Ranch and Sun Hills subdivisions, and the 2026 Strategic Plan. Recognition was provided for the organization's designation as a Military Friendly Employer, and water supply outlooks along with electric and gas cost adjustments were reviewed.