Denver Water said it will raise rates as it plans to invest $1.9 billion in projects over the next 10 years.
DENVER — Denver Water customers will see an increase in their monthly bills in 2024.
The Denver Board of Water Commissioners adopted rate changes on Wednesday that will increase the water rates for its customers.
A single-family residential customer in Denver using the same amount of water in 2024 will see an increase in their monthly bill by an average of $1.60 to $2.30, the utility said.
Denver Water said the rate increase will help pay for upgrades, projects and ongoing maintenance and repair to keep its system operating efficiently.
“Denver Water is at a pivot point. These are historic times and we’ll be affected, just as the communities we serve will be affected, by climate change, population growth, variability in the economy, inflation and supply chains,” Denver Water CEO/Manager Alan Salazar said.
“Water is a crucial resource that supports all of us. You can’t have civilization without it. Continuing to maintain and invest in the system that supports our water supply will ensure we — Denver Water as well as our customers — are ready for what lies ahead, while keeping rates as low as good service will allow.”
Denver Water said it expects to invest $1.9 billion over the next 10 years in projects that will maintain, repair, protect and upgrade the system and make it more resilient and flexible in the future. At the same time, the utility also has been subject to the same economic tides, such as inflation and supply chain issues, that have affected its costs.
More details on the rate increase can be found at DenverWater.org.
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