Date: 04/15/2015

Final
BILL SUMMARY for HB15-1250

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1250 to the Committee on ApproPASS



05:00 PM -- HB15-1250

Representative Tyler, sponsor, introduced House Bill 15-1250. The bill declares that certain objectives, other than minimizing short-term economic costs, deserve to be considered in establishing rates and policies of investor-owned public utilities. Accordingly, the bill directs the Colorado Public Utilities Commission (PUC) to initiate an investigatory proceeding to explore and recommend alternatives for improved utility business and revenue models to align utility earnings with specified public policy objectives. The bill requires the PUC to conclude its investigation by August 1, 2016, and report its findings to the General Assembly and the Governor's Office by October 1, 2016. Representative Tyler discussed the long-term policy behind the bill, along with addressing the fiscal implications of the bill.


05:09 PM

Committee discussion ensued regarding public utilities.

05:18 PM -- Ms. Karey Christ-Janer, representing herself, testified in opposition of bill. She discussed energy investments in Colorado.

05:28 PM -- Mr. Doug Dean, representing the PUC, came to the table to answer committee questions. He discussed the specifics of the bill, the PUC's funding, and investor-owned public utilities. He noted the PUC's current lack of funding.
BILL:HB15-1250
TIME: 05:45:40 PM
MOVED:Court
MOTION:Refer House Bill 15-1250 to the Committee on Appropriations. The motion passed on a vote of 6-5.
SECONDED:Foote
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Kagan
Yes
Priola
No
Roupe
No
Ryden
Yes
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS