CO SB013

Replaces the repealed IGCC program by authorizing investor-owned utilities to apply to the Public Utilities Commission for approval to develop innovative energy technology projects demonstrating low- and zero-emission dispatchable resources.

Defines "innovative energy technology" to include advanced renewable energy, long-duration energy storage, renewable natural gas, clean hydrogen, fossil fuels with carbon capture, and advanced nuclear energy that has minimal or no carbon dioxide emissions and is controllable to meet system energy requirements.

Requires the PUC to evaluate projects based on economic and technical feasibility, projected environmental and public safety impacts, carbon dioxide emissions rates, and value to Colorado's economy, with public comment and evidentiary hearing required.

Entitles utilities to full cost recovery from retail customers for all research, planning, development, construction, and operating costs, plus capital investments over the useful life of the project, including recovery of abandoned or cancelled project costs over a minimum five-year amortization period.

Authorizes the Department of Public Health and Environment, Colorado Office of Economic Development, and Colorado Energy Office to assist utilities in obtaining federal and state financial support to reduce costs to consumers.