Bill > SB002

This bill establishes a Percentage-of-Income Payment Plan (PIPP) program for income-qualified utility customers in Colorado, meaning that eligible individuals will have their utility bills capped at an affordable percentage of their household income. The program, which applies to investor-owned utilities (regulated electric or gas companies, not cooperatives or municipal utilities), defines key terms such as "Administrative Costs" (direct costs for running the program, capped at 10% of credits or $10,000), "Affordable Percentage of Income" (the portion of a bill deemed manageable based on income), "Fixed Credit" (an annual credit to reduce the bill to the affordable amount), and "Arrearage" (past-due balances). Investor-owned utilities are required to create and publicize information about their PIPP programs, including eligibility criteria, and will be allowed to recover program costs through a "PIPP Charge" applied to their customers.