§ 40-41-109 — Electric utilities - duties - rate impact notice to customers

Colorado § 40-41-109

• Jurisdiction: Colorado
• Title 40: Utilities
• Art.: Colorado Energy Impact Bond Act

Text

(1)
The electric bills of an electric utility that has obtained a financing order and
caused CO-EI bonds to be issued:

(a) Must explicitly reflect that a portion of the charges on the bill represents
CO-EI charges approved in a financing order issued to the electric utility and, if the
CO-EI property has been transferred to an assignee, must include a statement that
the assignee is the owner of the rights to CO-EI charges and that the electric utility
or other entity, if applicable, is acting as a collection agent or servicer for the
assignee;

(b) Must include the CO-EI charge on each customer's bill as a separate line
item titled energy impact assistance charge and may include both the rate and
the amount of the charge on each bill. The failure of an electric utility to comply
with this subsection (1) does not invalidate, impair, or affect any financing order,
CO-EI property, CO-EI charge, or CO-EI bonds, but may subject the electric utility to
penalties under applicable commission rules.

(c) Must explain to customers in an annual filing with the commission the
rate impact that financing the retirement of electric generating facilities will have
on customer rates.

(2) An electric utility that has obtained a financing order and caused CO-EI
bonds to be issued must demonstrate in an annual filing with the commission that
CO-EI bond proceeds are applied solely to the repayment of CO-EI costs and that
CO-EI revenues are applied solely to the repayment of CO-EI bonds and other
financing costs in accordance with the financing order. The cost of such annual
filing is a financing cost recoverable by the electric utility from the CO-EI charge.

Legislative History

Source: L. 2019: Entire article added, (SB 19-236), ch. 359, p. 3327, � 26, effective May 30.