ColoradoFinancing Utility On-Bill Repayment Program
What it does
The Colorado Clean Energy Fund (CCEF) is a nonprofit institution with experience administering clean energy financing programs and is the designated green bank for the federal environmental protection agency's region 8. The CCEF administers an on-bill repayment program (program) to help finance certain energy-related upgrades installed at a utility customer's premises that are associated with the utility meter. Under the program, in partnership with Colorado-based utilities, the CCEF finances energy-related upgrades that are then repaid through a customer's monthly utility bill payments.
More detail
The bill directs the state treasurer to, on August 15, 2026, execute a loan agreement with the CCEF for a low-interest loan of $50 million from the unclaimed property trust fund.The purpose of the loan is to capitalize and expand the CCEF's on-bill repayment program and to accelerate utility adoption of the program. The Colorado energy office is required to review the design of the program before August 1, 2026. The bill specifies certain requirements for the program and for a utility to access the funding for the program, including requirements related to disclosures, notices, transfers of responsibility for an on-bill repayment obligation, and interest rates. The CCEF is required to submit annual reports to the joint budget committee, the Colorado energy office, and the state treasurer detailing the deployment of the program.(Note: This summary applies to this bill as introduced.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 7Senate Committee on Appropriations Postpone IndefinitelyLatest
- Vote recorded Refer Senate Bill 26-148 to the Committee of the Whole. Result: fail.Upper
- Vote recorded Postpone Senate Bill 26-148 indefinitely. Result: pass.Upper
- Apr 13Senate Committee on Transportation & Energy Refer Amended to AppropriationsMinor
- Vote recorded Adopt amendment L.002. Result: pass.Upper
- Vote recorded Refer Senate Bill 26-148, as amended, to the Committee on Appropriations. Result: pass.Upper
- Vote recorded Adopt amendment L.003. Result: pass.Upper
- Vote recorded Adopt amendment L.001. Result: pass.Upper
- Mar 25Introduced In Senate - Assigned to Transportation & EnergyIntroduced
- May 7Senate Committee on Appropriations Postpone IndefinitelyLatest