Colorado Springs Utilities

About Colorado Springs Utilities

Colorado Springs Utilities provides electricity for 4 cities in the state including cities like Colorado Springs, Security-Widefield CDP, Fountain, Cimarron Hills CDP, and Fort Carson CDP. The company is a municipally owned organization. A total of 252,772 customers (83.54% residential customers, 15.87% commercial customers and 0.59% industrial properties) are provided electricity by the company. Consumers of Colorado Springs Utilities are billed an average residential electricity price of 14.04 cents per kilowatt hour, which is 1.88% below Colorado's average rate of 14.31 cents. In 2022 the company had retail sales of 4,729,189 megawatt hours and wholesale sales to other electricity providers of 4,729,189 megawatt hours. The electricity sourced by the company is made up of multiple sources including megawatt hours they produce and supplementary megawatt hours procured via wholesale channels. These two categories comprise 71.73% and 28.27%, respectively, of all electricity sourced by the company. In 2022, they made a total of $594,790,800 from business activities relating to the sale and transfer of electricity. They had 95.92% of their revenue coming from retail sales to end users and 3.08% from sales to the wholesale electricity market.

The average residential power bill for a consumer of Colorado Springs Utilities is $84.57. Customers of the provider are faced with 0.56 power outages a year with outages lasting an average of 36.24 minutes. Electricity generation from sustainable fuel sources by the company totals 72,532 megawatt hours. The supplier is able to generate 72,532 megawatt hours from hydroelectric power facilities, which ranks them as the 101st largest producer of hydroelectric power in the country out of 3526 providers.