HB 23-1039

House Bill 23-1039, titled "Electric Resource Adequacy Reporting," requires electricity providers in Colorado to submit annual reports about the adequacy of their power resources to a regulatory body by April 1 each year. The regulatory body then sends these reports to the Colorado Energy Office, which compiles them into a statewide report by July 1. This bill aims to ensure that there is enough electricity to meet demand and improve transparency in energy planning. It took effect on August 7, 2023, after being signed by the governor. The law applies to companies that supply electricity to homes or businesses in Colorado and helps state officials track the reliability of the electric grid.

Official Summary

On or before April 1, 2024, and on or before April 1 of each year thereafter, an entity with an obligation to provide retail or wholesale electricity services in the state (load-serving entity) must file with the entity responsible for approving the resource plans or rates of the load-serving entity (regulatory oversight entity) an annual report detailing the adequacy of its electric resources (resource adequacy annual report). On or before April 30, 2024, and on or before April 30 of each year thereafter, each regulatory oversight entity must submit any resource adequacy annual reports to the Colorado energy office (office). On or before July 1, 2024, and on or before July 1 of each year thereafter, the office must aggregate the resource adequacy annual reports received from the regulatory oversight entities into a statewide resource adequacy aggregate annual report. If a load-serving entity participates in an active organized wholesale market, which is a regional transmission organization or an independent system operator established for the purpose of coordinating and managing the dispatch and transmission of electricity on a multistate or regional basis, or, if the load-serving entity is participating in a voluntary regional resource adequacy reporting program, the load-serving entity's obligation to provide a resource adequacy annual report terminates on the date that the load-serving entity begins participating in an organized wholesale market or in the year following the submission of a compliance report required by the program. For the 2023-24 state fiscal year, the act appropriates $14,737 from the general fund to the office of the governor for use by the office for program administration. APPROVED by Governor April 25, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

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