Bill > HB1040

This bill adds nuclear energy to Colorado's statutory definitions of "clean energy" and "clean energy resource", recognizing nuclear power as a carbon-free electricity source with significant potential benefits. The bill highlights that nuclear energy currently generates about 50% of the United States' carbon-free electricity, has a high capacity factor of 92.7%, and can help prevent power outages. It notes that advanced nuclear technologies, such as small modular reactors and microreactors, can create jobs, replace coal power plants, and potentially recycle up to 96% of spent fuel. The legislation specifically amends existing statutes to include nuclear energy, particularly nuclear energy projects funded through the U.S. Department of Energy's Advanced Nuclear Reactor Programs, as a clean energy source. However, the bill also includes a specific provision that nuclear energy will not be considered a clean energy resource for property taxation purposes. The bill's legislative declaration emphasizes that adding nuclear energy to clean energy definitions will attract research funding, support energy innovations, and help Colorado maintain affordable and reliable electricity while working towards carbon emission reduction goals.

Agriculture and Natural Resources, Transportation and Infrastructure

https://leg.colorado.gov/bills/hb25-1040