Date: 04/29/2015

Final
BILL SUMMARY for HB15-1372

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.002 (Attachment D). The motion p
Refer House Bill 15-1372, as amended, to the Commi		Pass Without Objection
PASS



02:30 PM -- HB15-1372

Representatives Becker, J. and Tyler, co-prime sponsors, introduced House Bill 15-1372. Under current law, the Fixed Utilities Fund (FUF) pays for certain operations (approximately 85 percent) of the Public Utilities Commission (PUC) in the Department of Regulatory Agencies (DORA). Revenue to the FUF is from fees assessed against regulated electric, natural gas, and telephone utilities at a rate set annually based on the amount needed to cover applicable PUC and other utility regulation expenditures in DORA. The rate is applied to each regulated company's gross intrastate utility operating revenues (gross revenue), as calculated by the Colorado Department of Revenue, and may not exceed 0.2 percent of gross revenue. This bill raises the statutory limit on the rate of FUF assessments to 0.25 percent of gross revenue. Representative Tyler distributed amendment L.002 (Attachment D).

15HouseFin0429AttachD.pdf15HouseFin0429AttachD.pdf

02:33 PM -- Mr. Doug Dean, representing the PUC, testified in support of the bill. He distributed handouts to the committee (Attachment B and Attachment C, respectively).

15HouseFin0429AttachB.pdf15HouseFin0429AttachB.pdf 15HouseFin0429AttachC.pdf15HouseFin0429AttachC.pdf

02:38 PM -- Mr. Justin Lippard, representing DORA, testified in support of the bill.

02:43 PM -- Ms. Robin Kittle, representing Xcel Energy, testified in support of the bill.
BILL:HB15-1372
TIME: 02:45:29 PM
MOVED:Court
MOTION:Adopt amendment L.002 (Attachment D). The motion passed without objection.
SECONDED:Roupe
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB15-1372
TIME: 02:46:13 PM
MOVED:Court
MOTION:Refer House Bill 15-1372, as amended, to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED:Roupe
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS