Monday, March 12, 2012

Denver Water approves rate increases for 2010

Denver's Board of Water Commissioners has approved rate increases that will raise the typical Denver residential customer's water bill by about $40 per year.

The new rates will take effect Feb. 3.

Typical suburban customers of Denver Water would see an increase of about $51 per year.

The rate hikes will help fund a $1.3 billion 10-year plan for infrastructure upgrades and expansion to make sure the utility can meet future demand.

In the next decade, Denver Water plans to expand its recycled water system, enlarge one of its reservoirs, finish developing gravel pits that store reusable water, and explore ways to work with other water providers to bring more supplies to its system.

Denver Water serves about 1.3 million people.

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