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Bill > SB022

CO SB022

CO SB022
Challenges Meeting 2030 Emissions Reduction Goals

summary

Introduced
01/14/2026
In Committee
01/14/2026
Crossed Over
Passed
Dead
04/29/2026

Introduced Session

2026 Regular Session

Bill Summary

Current law requires certain entities to file a clean energy plan (plan) to achieve an 80% decrease of greenhouse gas emissions caused by the entity's electricity sales in Colorado by 2030 relative to 2005 levels. Other entities may voluntarily choose to file a plan. Under current law, no later than March 31, 2026, an entity required to submit a plan may inform the division of administration (division) in the department of public health and environment in writing of challenges the entity is encountering or expects to encounter in achieving the 80% reduction of greenhouse gas emissions by 2030. The bill clarifies that an entity that has voluntarily submitted a plan may also inform the division of challenges the entity is encountering or expects to encounter in achieving the 80% reduction of greenhouse gas emissions by 2030. The bill also extends the deadline by which an entity must inform the division of challenges from March 31, 2026, to May 31, 2026. A cooperative electric association (association) exempted from regulation by the public utilities commission or a municipal utility (utility) that informs the division of challenges the association or utility is encountering or expects to encounter has until December 31, 2026, to submit to the division an updated plan with the earliest year, not later than 2040, that the association or utility expects to be able to achieve the 80% decrease of greenhouse gas emissions, relative to 2005 levels, without impairing the association's or utility's ability to maintain applicable electric reliability standards and without increasing the association's or utility's average annual electric rates greater than 1.5%. The bill prohibits the air quality control commission and the division from undertaking any action that impairs the association's or utility's ability to maintain applicable electric reliability standards or that increases the association's or utility's average annual electric rates greater than 1.5%.

AI Summary

This bill extends the deadline for certain entities, including cooperative electric associations (co-ops) and municipal utilities (utilities), to report challenges in meeting Colorado's 2030 greenhouse gas emissions reduction goals, moving the notification date from March 31, 2026, to May 31, 2026. It also allows these entities, if they report challenges, to submit an updated clean energy plan by December 31, 2026, proposing a new target year for achieving an 80% reduction in greenhouse gas emissions (relative to 2005 levels) no later than 2040. This updated plan must ensure the entity can maintain electric reliability standards, as defined by organizations like the North American Electric Reliability Corporation (NERC), and avoid increasing average annual electricity rates by more than 1.5%. The bill explicitly prohibits the air quality control commission and the department of public health and environment's division of administration from taking any action that would compromise these reliability standards or lead to rate increases exceeding 1.5%, acknowledging that rising energy costs and grid reliability are significant concerns for consumers and critical services.

Committee Categories

Transportation and Infrastructure

Sponsors (8)

Last Action

Senate Committee on Transportation & Energy Postpone Indefinitely (on 04/29/2026)

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