summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The bill requires an investor-owned electric utility (utility) to submit a proposal to the public utilities commission (PUC) that establishes a first allotment of residential electricity service (FARE service) program. The FARE service program provides a minimum level of electricity at a marginal cost rate for income-qualified utility customers. A FARE service proposal that a utility submits to the PUC must include: ! The amount of electricity that qualifies as a minimum level of electricity for an average income-qualified utility customer based on monthly usage to support a customer's basic needs; ! A marginal cost rate on a per-kilowatt-hour basis for delivering electricity to a customer, which marginal cost rate must be lower than the residential customer rate that the income-qualified utility customer would normally be charged; and ! A description of the process by which an income-qualified utility customer may enroll in the FARE service program. The PUC shall approve a utility's FARE service proposal if the PUC determines that the proposed FARE service would be in the public interest.
AI Summary
This bill mandates that investor-owned electric utilities, which are regulated electricity providers that are not cooperatives or municipally owned, must propose a program called the "First Allotment of Residential Electricity Service" (FARE service) to the Public Utilities Commission (PUC). This FARE service is designed to provide a baseline amount of electricity at a reduced rate, known as the "marginal cost rate," to income-qualified customers, meaning those who meet specific income criteria. The utility's proposal must detail the specific amount of electricity considered a minimum for basic needs, the proposed marginal cost rate per kilowatt-hour (which must be lower than the standard residential rate), and how eligible customers can enroll. The PUC will approve the proposal if it determines the FARE service is in the public interest, ensuring that electricity remains affordable for all citizens regardless of income.
Committee Categories
Transportation and Infrastructure
Sponsors (3)
Last Action
Senate Transportation & Energy Committee Hearing (13:30:00 3/4/2026 SCR 352) (on 03/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leg.colorado.gov/bills/SB26-002 |
| Fiscal Note FN1 | https://leg.colorado.gov/bill_files/111627/download |
| BillText | https://s3.us-west-2.amazonaws.com/beta.leg.colorado.gov/7ccb8207d59b0635c109d8525917027a |
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