June 25, 2019

HB 16-1035: Limiting Public Utility Securities to Electricity or Gas Services

On January 13, 2016, Rep. Jon Keyser introduced HB 16-1035Concerning the Scope of Statutes Making the Issuance of Securities by a Public Utility Conditional on Approval by the Colorado Public Utilities Commission, and, In Connection Therewith, Clarifying That the Approval Requirement Applies Only to Electric and Gas Utilities. The bill was assigned to the House State, Veterans, and Military Affairs Committee.

This bill introduces an amendment to an already existing bill and aims to narrow the statue, requiring advance approval by the public utilities commission for the issuance of securities to fund property acquisitions, facilities, repairs, and other expenditures, to apply only to electric and gas utilities.

The only amendment to C.R.S. § 40-1-104 is the addition of subsection (b) under the rule. Subsection (b) is proposed to read as follows: “The requirements of this section apply only to public utilities providing electricity or gas service.”

Mark Proust is a 2016 J.D. candidate at the University of Denver Sturm College of Law.

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