HB 10-1282 Summary

• Imposes a moratorium on the closure of any investor-owned, coal-fired electric generation facilities that integrate concentrated solar power until July 1, 2012
• Applies to closures scheduled on or after the bill's effective date, regardless of prior approval by the Public Utilities Commission
• Declares coal as essential to meeting current U.S. energy needs, notes Colorado coal provides over two-thirds of state electric power capacity, and identifies coal industry jobs and tax revenues as critical to rural communities
• Takes effect 90 days after legislative adjournment (August 11, 2010, if sine die is May 12, 2010), subject to voter approval if a referendum petition is filed
• Automatically repeals effective July 1, 2012