Date: 03/11/2010

Final
BILL SUMMARY for SB10-074

SENATE COMMITTEE ON AGRICULTURE AND NATURAL RESOURCES

Votes: View--> Action Taken:
Moved to postpone indefinitely Senate Bill 10-074.PASS



01:53 PM -- Senate Bill 10-074

Senator Penry, prime sponsor, explained that Senate Bill 10-074 was drafted to encourage investor-owned electric utilities to use natural gas and help stabilize electricity rates. He requested that the bill be postponed indefinitely. This bill allows a utility's long-term, natural gas supply contract to be counted as a capital cost on which the utility may make a prescribed rate of return through customer charges. The bill directs the Colorado Public Utilities Commission, on or before July 1, 2010, to convene a rulemaking proceeding allowing investor-owned electric utilities to capitalize such costs, but specifies that the amount of such capital costs may not exceed the amount approved for the Comanche III coal-fired plant.

There was no testimony.

BILL:SB10-074
TIME: 01:54:38 PM
MOVED:Brophy
MOTION:Moved to postpone indefinitely Senate Bill 10-074. The motion passed on a roll call vote of 6 to 0.
SECONDED:
VOTE
Brophy
Yes
Gibbs
Yes
Harvey
Excused
Kester
Yes
Schwartz
Yes
Whitehead
Yes
Hodge
Yes
Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS




01:54 PM

The meeting adjourned.