HB 19-1313 Summary

• Establishes clean energy targets requiring utilities serving over 500,000 customers to reduce carbon dioxide emissions 80% by 2030 (compared to 2005 levels) and achieve 100% clean energy by 2050, with opt-in available for smaller utilities.

• Requires qualifying utilities to submit clean energy plans to the Public Utilities Commission detailing resource acquisitions, infrastructure development, costs, and workforce transition plans for any facility retirements.

• Authorizes utilities to recover clean energy plan costs through a revenue rider capped at 1.5% annual rate impact, with competitive bidding required for resource procurement and utility ownership allowed up to 50% of clean energy resources.

• Creates the Colorado Energy Impact Bond Act allowing utilities to issue low-cost bonds to finance costs of retiring electric generating facilities, with charges appearing as nonbypassable line items on customer bills.

• Strengthens requirements for "best value" employment metrics in resource acquisition decisions, including apprenticeship program availability and Colorado labor utilization, with documentation requirements for all major utility resource decisions.