DENVER — Wednesday, Oct. 27, 2021 — The Denver Board of Water Commissioners adopted rate changes to help pay for important upgrades, projects and ongoing maintenance and repair to keep its system operating efficiently.
The new rates take effect Jan. 1, 2022, and for typical single-family residential customers who receive a bill from Denver Water, if they use the same amount of water in 2022 as they did in 2021, the new rates will increase their monthly bill by a range of about 47 cents to $1.34, depending on where they live.
“Denver Water’s mission is to ensure that we deliver safe, clean water to the people who rely on us every day,” said CEO/Manager Jim Lochhead. “Over the next 10 years, we are forecasting an estimated investment of $2.6 billion into our system to increase its resiliency, reliability and sustainability in the face of changes we are anticipating. From more frequent droughts and wildfires to additional regulations we expect we will be asked to meet — we will be prepared.”
- Water rates to rise slightly in 2022 — Provides details on Denver Water’s rate structure and how the increase impacts customer bills, including an infographic visually highlighting the impacts to customers inside and outside of Denver.
- Major investment on tap — Highlights what water rates help pay for with an overview of some of the projects that make up the utility’s 10-year forecast for an estimated $2.6 billion investment into the system that supports about 25% of the state’s population, including Colorado’s capital city. The story includes a video highlighting some of the current projects including the expansion of Gross Reservoir, the Lead Reduction Program that is replacing customer-owned lead service lines, the new Northwater Treatment Plant under construction north of Golden and the new water quality laboratory that will be located at the National Western Center near downtown. The investment forecast also includes improving and replacing aging water mains under the streets and improving the overall system’s flexibility and resiliency.
- Record bond sale helps keep water rates low — Learn more about how Denver Water’s strong credit ratings and financial management led to record-low interest rates on its recent $350 million bond sale, which helps keep rates low as the utility is funded by water rates, bond sales, cash reserves, hydropower sales and fees for new service.
Denver Water proudly serves high-quality water and promotes its efficient use to 1.5 million people in the city of Denver and many surrounding suburbs. Established in 1918, the utility is a public agency funded by water rates, new tap fees and the sale of hydropower, not taxes. It is Colorado’s oldest and largest water utility. Subscribe to TAP to hydrate your mind, and follow us on Facebook, Twitter and Instagram.