AP News

Denver Water to raise rates in January

DENVER (AP) — The largest water utility in Colorado says it plans to raise rates again in January.

Denver Water said Wednesday that rates for an average residential customer in Denver using 115,000 gallons annually would go up 55 cents per month, or about 1.5 percent. It would go up about 91 cents per month on average for full-service suburban residential customers.

The rate increases were included in a $341 million budget for 2013 that the Denver Board of Water Commissioners adopted Wednesday.

The budget includes funding for projects including replacing failing underground storage tanks, upgrading water treatment facilities, and replacing aging pipes. The budget relies in part on the rate increase, bond sales, drawing down cash reserves, selling hydropower and tap fees for new service for funding.

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