| Notice Filed with SOS |
04/30/2024 |
| Rule |
ProposedRuleAttach2024-00212.doc
|
| Additional Information |
AddInfoAttach2024-00212.pdf
|
| Statutory Authority |
The statutory authority for the proposed rules is found generally at § 40-1-103.5, C.R.S. (authorizing the Commission to promulgate implementing rules) and more specifically in § 40-3-120(2), C.R.S., as enacted by SB 23-291. |
| Description of Subjects/Issues |
The Colorado Public Utilities Commission issues this Notice of Proposed Rulemaking (NOPR) to amend the Commission’s Rules Regulating Gas Utilities, 4 Code of Colorado Regulations (CCR) 723-4 (Gas Rules), to implement certain provisions in § 40-3-120, C.R.S., enacted by Senate Bill (SB) 23-291. The proposed amendments to the Gas Rules are intended to protect Colorado gas utility customers while also improving the gas utilities’ management of fuel costs. The proposed rules further establish a symmetrical incentive mechanism that aligns the financial incentives of the gas utilities with the interests of their customers regarding incurred fuel costs. The proposed amendments to the Gas Rules required by § 40-3-120, C.R.S., continue the utilities’ implementation of gas risk management plans and replace the requirements for the Gas Performance Incentive Mechanism (GPIM) established in Proceeding No. 21R-0314G with a new incentive mechanism in accordance with SB 23-291. |
| Purpose/Objective of Rule |
The Colorado Public Utilities Commission issues this Notice of Proposed Rulemaking (NOPR) to amend the Commission’s Rules Regulating Gas Utilities, 4Code of Colorado Regulations (CCR) 723-4 (Gas Rules), to implement certain provisions in § 40-3-120, C.R.S., enacted by Senate Bill (SB) 23-291. The proposed amendments to the Gas Rules are intended to protect Colorado gas utility customers while also improving the gas utilities’ management of fuel costs. The proposed rules further establish a symmetrical incentive mechanism that aligns the financial incentives of the gas utilities with the interests of their customers regarding incurred fuel costs. The proposed amendments to the Gas Rules required by § 40-3-120, C.R.S., continue the utilities’ implementation of gas risk management plans and replace the requirements for the Gas Performance Incentive Mechanism (GPIM) established in Proceeding No. 21R-0314G with anew incentive mechanism in accordance with SB 23-291. |
| Basis And Purpose |
BasisAndPurposeAttachment2024-00212.pdf
|
| Comments |
On September 23, 2024, the Commission issued a decision adopting rules revisions. Exceptions were filed on October 14, 2024 and October 29, 2024. On January 6, 2025 the Commission issued a decision granting, in part, and denying, in part, exceptions that were filed on October 14, 2024. The exceptions filed on October 29, 2024 were granted. An application for rehearing, reargument or reconsideration was filed on January 27, 2025. On February 25, 2025, the Commission issued a decision denying the application for rehearing, reargument or reconsideration. The rules became final February 25, 2025. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
Senate Bill 23-291
|
| Hearing Date |
07/11/2024 |
| Hearing Time |
09:00 AM |
| Hearing Location |
By video conference using Zoom at a link in the calendar of events on the Commission’s website: https://puc.colorado.gov/ |
| Contact Name |
Becky Quintana |
| Contact Title |
Deputy Director Commission Policy and Research Support |
| Contact Telephone |
303-894-2881 |
| Contact email |
rebecca.quintana@state.co.us |