Utilities Increase Approved, CEO Pay Raise Denied

(Colorado Springs, CO) -- Residents will be paying more for gas and electricity, but Colorado Springs Utilities CEO Jerry Forte won't be making more money. A rate increase was approved by the city council yesterday. It means about 40-dollars a year more for gas and electric combined for the average customer. The rate hike takes effect March 1st. The council did not approve Forte's proposed raise. It would have meant a more than 170-thousand-dollar bump in pay. Those backing the raise say he's underpaid compared to similar positions nationwide. Council members say the two issues voted on yesterday had nothing to do with one another.