Colorado § 40-8.7-107 Disposition of contributions and charges

Colorado Statutes

§ 40-8.7-107 — Disposition of contributions and charges

Colorado § 40-8.7-107

Title 40Utilities

Art.Low-income Energy Assistance

This text of Colorado § 40-8.7-107 (Disposition of contributions and charges) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 40-8.7-107 (2026).

Text

(1)Each utility collecting optional energy assistance contributions pursuant to section 40-8.7-104

(2)and each water utility collecting optional contributions pursuant to section 40-8.7-104.3 (1) shall transfer the money collected to the organization on the following schedule:

(a)For the moneys collected during the period of January 1 to March 31 of each year, the utility shall transfer the collected moneys to the organization before May 1 of such year;

(b)For the moneys collected during the period of April 1 to June 30 of each year, the utility shall transfer the collected moneys to the organization before August 1 of such year;

(c)For moneys collected during the period of July 1 to September 30 of each year, the utility shall transfer the collected moneys to the organizat

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(1) Each utility
collecting optional energy assistance contributions pursuant to section 40-8.7-104
(2) and each water utility collecting optional contributions pursuant to section 40-8.7-104.3 (1) shall transfer the money collected to the organization on the following
schedule:

(a) For the moneys collected during the period of January 1 to March 31 of
each year, the utility shall transfer the collected moneys to the organization before
May 1 of such year;

(b) For the moneys collected during the period of April 1 to June 30 of each
year, the utility shall transfer the collected moneys to the organization before
August 1 of such year;

(c) For moneys collected during the period of July 1 to September 30 of each
year, the utility shall transfer the collected moneys to the organization before
November 1 of such year; and

(d) For moneys collected during the period of October 1 to December 31 of
each year, the utility shall transfer the collected moneys to the organization before
February 1 of the next year.

(1.5) (a) An investor-owned utility collecting the energy assistance system
benefit charge pursuant to section 40-8.7-104 (2.5) shall transfer the money
collected in accordance with the schedule established in subsection (1) of this
section.

(b) Except as provided in section 40-8.7-108 (2)(b), the organization shall use
the money collected from each investor-owned utility pursuant to section 40-8.7-104 (2.5) to help finance direct utility bill payment assistance and energy retrofits
provided to low-income households within that investor-owned utility's service
territory or within the service territory of an affiliated investor-owned utility.

(c) Notwithstanding section 40-3-114, a utility regulated by the public
utilities commission may use funds collected from its customers for the purpose of
complying with a statutory requirement to finance low-income energy assistance
programs.

(2) Each utility shall provide the organization with a summary of how the
moneys collected were generated, including the number of customers participating
in the program.

(3) The organization shall pay the public utilities commission from the
moneys transferred to the organization pursuant to subsection (1) of this section for
any administrative costs incurred pursuant to this article.

Legislative History

Source: L. 2005: Entire article added, p. 482, � 1, effective May 5. L. 2021: IP(1) amended and (1.5) added, (HB 21-1105), ch. 488, p. 3502, � 11, effective September 7.