Bill > SB002

This bill establishes a Percentage-of-Income Payment Plan (PIPP) program for income-qualified utility customers in Colorado, aiming to make energy more affordable. The PIPP program allows eligible customers to pay a set percentage of their household income for their utility bills, with the "affordable percentage of income" determined by their annual income. The bill defines key terms such as "administrative costs" (direct costs for running the program, capped at 10% of credits or $10,000), "fixed credit" (an annual bill credit to cover the difference between the full bill and the affordable portion), and "income-qualified utility customer" (defined by existing law as someone meeting specific income thresholds). Investor-owned utilities, which are regulated by the Commission and not cooperatives or municipally owned, are required to establish and offer this PIPP program to residential customers, ensuring consistent naming and publicly accessible information about eligibility and program details on their websites. The bill also outlines how utilities can recover costs associated with the PIPP program through a "PIPP charge" to their customers.