Tom Hutton, University Relations, 262-3439

COLORADO SPRINGS, COLO — Ten Colorado Springs-area students who possess the ability, but not the finances, to succeed in college will have the opportunity to reach their academic peak at the University of Colorado at Colorado Springs as part of a donation from Colorado Springs Utilities.

Colorado Springs Utilities has agreed to donate $50,000 to the CU Foundation during the next four years to assist up to ten students continue their education after high school.

“We’re extremely proud of this partnership with CU-Colorado Springs and I commend the university for its support,” Phil Tollefson, chief executive officer, Colorado Springs Utilities, said. “As a community-owned utility, it is important to us that we support our local youth and help create tomorrow’s leaders.”

The scholarships will be for students currently enrolled, or who plan to enroll, in the university’s College of Business and Administration or College of Engineering and Applied Science. The CU-Colorado Springs Office of Student Financial Aid will be responsible for selecting recipients based on financial need, academic record, residency within the CSU service area, and on the basis of an essay. The selected students will be eligible for paid internships with Colorado Springs Utilities and may be considered for employment by the company after graduation.

“I am grateful for Colorado Springs Utilities’ support,” CU-Colorado Springs Chancellor Pam Shockley said. “Through this gift, Colorado Springs Utilities has helped ensure a bright future for our community.”

The $5,000 annual scholarships will begin next fall with one scholarship. In 2004, two scholarships will be offered. Three scholarships will be offered in 2005 and four in 2006.

Colorado Springs Utilities, a community-owned utility, provides the Pikes Peak Region with reliable natural gas, electricity, water and wastewater services at some of the lowest prices in the nation.

CU-Colorado Springs, located on Austin Bluffs Parkway in northeast Colorado Springs, is the fastest growing university in Colorado and one of the fastest growing universities in the nation. The university offers 25 bachelor’s degrees, 17 master’s and two doctoral degrees. The campus enrolls more than 7,400 students annually.