Loveland utility rate process includes proposed electric rate increase
The city says most of the proposed increase reflects higher electricity costs from its power supplier. The utilities commission will review rates before City Council considers final adoption.
Loveland’s 2027 rate-setting process this fall includes a proposed electric rate increase, most of which the city says reflects higher electricity costs from Platte River Power Authority.
City of Loveland Utilities gets the electricity it delivers to customers from Platte River Power Authority (PRPA), the city said. Loveland co-owns PRPA with Fort Collins, Longmont and Estes Park. The Loveland Utilities Commission reviews proposed rates before City Council considers final adoption.
City of Loveland Utilities puts rate revenue back into electric, water and wastewater services, including maintaining the infrastructure and equipment that support them. Costs for materials, equipment, maintenance and other day-to-day needs are rising, City of Loveland Utilities said. It works with independent consultants to study the cost of serving different types of customers and help ensure rates reflect those costs. Affordability is part of the rate-setting discussion.
The city is replacing aging cast-iron waterlines across Loveland with longer-lasting, corrosion-resistant PVC pipes. The projects can help reduce the risk of breaks and costly emergency repairs, the city said. Work is underway at the Water Reclamation Facility, where wastewater from Loveland homes and businesses is cleaned before being safely returned to the environment. Current improvements are to replace aging equipment, increase capacity and help meet future needs.