Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0201.01 Thomas Morris x4218  HOUSE BILL 12-1102
                    HOUSE SPONSORSHIP
 Swalm,  Balmer, Holbert, Soper
 
                   SENATE SPONSORSHIP
 Tochtrop, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Transportation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning a cap on increases in electrical utility rates
            arising from implementation of the "Clean Air - Clean
            Jobs Act".
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            House Bill 10-1365 created the "Clean Air - Clean Jobs Act" (act),
       which directs rate-regulated electric utilities (utilities) to create plans to
       achieve reduced emissions from coal-fired power plants (plans). The act
       specifies the extent to which costs in implementing plans are recoverable
       by utilities. This bill directs the public utilities commission to establish a
       maximum retail rate impact of 1% of the annual total base rate electric
       bill for each customer, beginning in 2013 and ending in 2023.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 40-3.2-207, add (7)
       as follows:
            40-3.2-207.  Cost recovery - legislative declaration - repeal.
       (7) (a)  Notwithstanding any provision of this section pertaining
       to cost recovery, the commission shall establish a maximum
       retail rate impact for this section of one percent of the annual
       total base rate electric bill for each customer, beginning in
       2013 and ending in 2023.
            (b)  This subsection (7) is repealed, effective July 1, 2024.
            SECTION 2.  Act subject to petition - effective date. This act
       takes effect at 12:01 a.m. on the day following the expiration of the
       ninety-day period after final adjournment of the general assembly (August
       7, 2012, if adjournment sine die is on May 9, 2012); except that, if a
       referendum petition is filed pursuant to section 1 (3) of article V of the
       state constitution against this act or an item, section, or part of this act
       within such period, then the act, item, section, or part will not take effect
       unless approved by the people at the general election to be held in
       November 2012 and, in such case, will take effect on the date of the
       official declaration of the vote thereon by the governor.