SB19-236 Summary

• Extends PUC Sunset Date: Delays the repeal of the Public Utilities Commission from September 1, 2019 to September 1, 2026, allowing continued regulation of Colorado utilities.

• Establishes Clean Energy Standards: Requires qualifying retail utilities to reduce carbon dioxide emissions by 80% from 2005 levels by 2030 and pursue 100% clean energy by 2050, with detailed planning and reporting requirements.

• Creates Colorado Energy Impact Bond Act: Authorizes electric utilities to issue CO-EI bonds to finance costs of retiring electric generating facilities, with nonbypassable customer charges and capped rate impacts of 1.5% annually.

• Implements Distribution System Planning: Requires utilities to file distribution system plans considering distributed energy resources and non-wires alternatives to traditional infrastructure investments.

• Adds Employment and Community Protections: Requires utilities to include workforce transition plans, community assistance for affected areas, and best-value employment metrics in resource acquisition decisions.