Falling water levels could lead to higher utility bills in Western states
A rating agency is warning water shortages in western states reliant on the Colorado River could lead to rate hikes that would be unaffordable for some. S&P Global Ratings released a report examining the effect of climate change and population growth on utilities in California, Arizona, Utah, Nevada and Colorado. The report, which was released Monday, stressed water shortages across the region will persist and continued conservation will be crucial in staving off reductions and cost increases for consumers.