Loveland expects 2027 utility rates to raise average customer's monthly bill about $14.91

The City of Loveland expects its 2027 utility rates to raise the combined monthly electric, water and wastewater bill for an average city customer by about $14.91.

The rates will increase in 2027. Individual bills will vary based on usage, time of year and other factors.

Most of the electric increase reflects the rising cost of electricity supplied to Loveland, the city said. Water and wastewater rates support treatment, maintenance and continued investment in those systems. The increases are intended to keep pace with changing costs and the investments needed to maintain reliable electric, water and wastewater service.

A $46 million improvement project at the Water Reclamation Facility is underway through 2028. It will replace aging equipment, expand capacity and improve treatment.

Through 2030, City of Loveland Utilities is also upgrading about 30,000 water meters. The new technology is designed to provide more detailed usage information, detect leaks faster and improve system efficiency.

The city is transitioning its electric system toward more renewable and non-carbon energy in partnership with Platte River Power Authority. It is continuing to prioritize reliable electric service during the change.

The transition requires long-term planning and investment in the electric system to prepare for new energy resources and technologies, the city said.

City of Loveland Utilities is community-owned and not-for-profit, and its rates are based on the cost of providing service rather than generating a profit.

The utility says it works to manage long-term costs by planning projects over time, pursuing outside funding when available and maintaining infrastructure before it fails.