SB 25-068

Senate Bill 25-068, also known as the Municipal Utility Unclaimed Utility Deposit Program, aims to help low-income households pay their electric and gas bills by using unclaimed deposits from utility customers. These deposits are funds that have been sitting unused for over two years and would be collected by utilities and used to assist income-qualified families with their energy costs. The bill allows city-owned utilities to join this program or create a similar one to help their residents. Since the governor has signed it, the program is now law and can start benefiting eligible households soon.

Official Summary

The unclaimed utility deposits program (program) helps finance electric and gas utility bill payment assistance for income-qualified households. The program is partially funded by electric and gas utilities' contributions of money that are owed to utility ratepayers but that have remained unclaimed by the ratepayers for more than 2 years. The act clarifies that a municipally owned electric or gas utility may elect to participate in the program or develop a similar mechanism for utilizing unclaimed utility deposits for utility bill payment assistance. (Note: This summary applies to this bill as enacted.)

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