I-184, generally revising energy and taxation law:
- (*) stared items below indicate improvements that were not in a previous (I-180) initiative. The newer I-184 initiative generally revises energy and taxation law by:
- gradually requires electricity supplied by investor-owned utilities to be 80% generated by 2050 from sources like wind, solar, geothermal, and new hydroelectric (I-184, § 8);
- funds worker retraining, enhanced unemployment benefits, and pension safety nets (I-184, § 19);
- *allowing governments, churches, and nonprofits to participate in 250 KW net metering systems, something not possible under current law; (I-184, § 22(23)(e)). This improves on 2017, HB 34 which only helped governments until even that watered-down version was tabled in Committee.
- *creating neighborhood renewable energy facilities and expanding the area where renewables can be located to be 10 miles (rather than 5) away from customers; (I-184, § 22(19))
- *expanding net metering capability and authorizing aggregated net metering; (I-184, § 23(3)(f))
- *levying replacement taxes on each kilowatt of electricity produced to offset coal severance tax and royalty revenue reductions so schools, libraries, and water projects are not disadvantaged by the inevitable transition away from coal-fired power; (I-184, § 14(5) through (9))
- *limiting most replacement taxes to 80% of savings accruing from the switch to no-fuel-cost electricity so consumers retain some financial benefit of the transition while we replace school funding, etc.; (I-184, § 15(3)(b))
- *requiring grid safety and prevailing wage rates for those installing renewable equipment; (I-184, § 7(10(c), § 9(3)(b), § 22(6), § 22(23(d), § 22(19)(g)), §23(3)(c), §24(1)(a) & 24(3)(c)
- *allocating forfeited net metering energy credits to low-income utility customers to help with electricity bills; (I-184, § 23(4) & (5))
- requiring cooperative utilities to mail-poll members to see if they approve adoption of initiative standards and net metering; (I-184, §§ 11 & (12))
- requiring fixed buyouts in renewable system lease-purchases so lessees do not have to pay more than once for a renewable energy system; (I-184, § 7(5) & 7(15))
- prohibiting rate increases beyond 2% annually for costs caused by the mandates, a rate-cap working in Colorado to maintain low transition costs without slowing transition if those costs should rise above the cost of fossil fuel generation again. (I-184, § 13)
- *adding provisions to preserve the present practice of requiring renewable energy be added before legacy hydro counts toward meeting and RPS if a future RPS exceeds 80%; (I-184, § 8(4))
- *allowing renewable energy credits (RECs) to be sold separately from energy and allowing RECs purchased from homeowners and community renewable energy facilities to count toward meeting a public utility’s RPS goal, something that will incentivize distributed energy. (I-184, § 8(2)) and
- prohibits rate increases beyond 2% annually for costs caused by the mandates.
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Page updated 11/29/2017