Colorado legislature passes bill with 2050 deadline for 100% carbon-free electricity

first_imgColorado legislature passes bill with 2050 deadline for 100% carbon-free electricity FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Colorado lawmakers on May 3, the last day of this year’s legislative session, sent a bill that makes extensive changes to state utility regulation to Democratic Gov. Jared Polis. Polis, who took office in January, ran a campaign promoting clean energy issues, and the bill checks off several items from his energy wish list. A Democratic-controlled legislature helped push the bill through both chambers.Most notably, the 81-page SB 236 requires utilities to consider the social costs of carbon when submitting resource plans. It requires them to include in such plans road maps of how they will reduce carbon emissions from 2005 levels 80% by 2030 and to provide 100% clean power by 2050. The bill essentially codifies the clean energy plan announced in December 2018 by Xcel Energy Inc., the state’s largest electric utility.Further, the bill requires investor-owned utilities to include workforce transition plans in proposals to retire electric generating facilities. It authorizes the use of securitized bonds to pay off coal debt, the proceeds of which would be invested in clean energy infrastructure as well as assistance to laid-off workers and their communities.Under the bill, the PUC would evaluate and approve electric cooperative Tri-State Generation and Transmission Association Inc.’s energy plans, following internal membership dissent from rural electric cooperatives that make up the Tri-State organization. Some of the cooperatives have pushed Tri-State to use cleaner, cheaper sources of power.More ($): Colo. lawmakers pass sweeping overhaul of utility regulationlast_img