SB 18-216

Senate Bill 18-216, also known as the "Alternative Fuel Vehicles Public Utilities" bill, allows electric and natural gas public utilities in Colorado to build charging stations or fueling facilities for alternative fuel vehicles. This can be done either as regulated services with set standards or as unregulated services. The bill ensures that utilities can recover costs from all their customers similarly to how they recover costs for other infrastructure investments. The bill has been signed into law, meaning it is now official and enforceable in Colorado. It affects public utility companies and their customers who use alternative fuel vehicles.

Official Summary

Currently, resellers of electricity and natural gas may provide charging ports or fueling stations for motor vehicles as unregulated services. The bill authorizes public utilities to provide these services as regulated or unregulated services and allows cost recovery. The bill allows a utility to apply to build facilities to support alternative fuel vehicles. Standards are set for approval. When a facility is built, the rate and charges for the services: May allow a return on any investment made by an electric or natural gas public utility at the utility's weighted average cost of capital at the public utility's most recent rate of return on equity approved by the public utilities commission; and Must be recovered from all customers of an electric or natural gas public utility in a manner that is similar to the recovery of distribution system investments.(Note: This summary applies to this bill as introduced.) , Read More