Fountain Valley News - Your Hometown Community Newspaper

Fountain City Council Approves Electric Rate Increase

 

September 19, 2018

Patricia St. Louis

Fountain Valley Chamber of Commerce President Tom Downing (left) looks on as Fountain-Fort Carson School District Eight Superintendent Dr. Keith Owen address the Fountain City Council. Joining him was District Eight Deputy Superintendent Dr. Montina Romero.

At its Sept 11 meeting the Fountain City Council approved a resolution to increase base electric rates for all classes of customers both inside and outside of the city. A public hearing for the electric cost of service study was conducted Aug. 28. The electric department has not had an increase in base rates to reflect costs other than purchase power costs since 2013. A revenue analysis indicated a total system revenue increase need, on an annualized basis of $666,000 or 3% rounded. The increase is necessary to address a higher level of operating expenses and capital procurement establishe...



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