SB 24-039

Senate Bill 24-039, which has been signed into law, updates Colorado's definition of "clean energy" to include nuclear energy. This change means that nuclear energy projects can now qualify for clean energy financing at the local government level and be used by retail utilities to meet their clean energy goals by 2050. The bill affects anyone involved in or affected by clean energy policies, including energy companies, local governments, and consumers who rely on these utilities. Since it has been signed, the law is now in effect and nuclear energy projects can proceed under the new definition of clean energy.

Official Summary

The statutory definition of "clean energy" in current law determines which energy projects are eligible for clean energy project financing at the county and city and county level. The statutory definition of "clean energy resource" in current law determines which energy resources may be used by a qualifying retail utility to meet the 2050 clean energy target. The bill updates the statutory definitions to include nuclear energy.(Note: This summary applies to this bill as introduced.)