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Will Colo. Springs raise energy bills by 3% to give 50% raise to utilities CEO?

COLORADO SPRINGS residents are left to wonder what kind of leverage the public utilities CEO holds over his board of directors. City Council wants to raise Jerry Forte’s salary to half a million in spite of the coal-black hole in which he put the city’s energy portfolio. They won’t consider investing in renewables lest it bump utility rates by 1%, put they will raise the rates by 3% to resolve a payables problem, austensibly, (They want to act quick while higher winter usage means the rate hike will yield more) and I guess for the CEO’s raise.

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