CLICS/CLICS2023A/commsumm.nsf
PUBLIC
BILL SUMMARY For PANEL PRESENTATION FROM COLORADO RURAL ELECTRIC ASSOCIATION, HOLY CROSS ENERGY, CORE ELECTRIC COOPERATIVE, AND COLORADO ASSOCIATION OF MUNICIPAL UTILITIES
OTHER COMMITTEE COMMITTEE ON JOINT SELECT COMMITTEE ON RISING UTILITY RATES
Date Mar 14, 2023
Location Old State Library
Panel Presentation from Colorado Rural Electric Association, Holy Cross Energy, CORE Electric Cooperative, and Colorado Association of Municipal Utilities - Committee Discussion Only
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04:40:14 PM |
Kent Singer, Executive
Director, with Colorado Rural Electric Association (CREA) gave a handout
to the committee (Attachment D) and gave an overview of how CREA operates,
how it is regulated as a cooperative utility, who is involved in CREA,
rate increases, diversity of generation, and Tri-State not having any rate
increases.
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04:44:53 PM |
Jeff Boudier, CEO
of CORE Electric Cooperative, gave an overview of how CORE operates as
a utility, how members have a say and can get elected to the board, how
Xcel rates impact the co-op, ways in which CORE is addressing utility rates,
coal plants owned by Xcel, problems CORE is facing, technology being used,
the advance pay program, and reliability and cutting costs.
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04:53:11 PM |
Bryan Hannegan, President
and CEO, with Holy Cross Energy gave an overview of their not-for-profit
status, goals of the organization, clean and renewable energy use, implications
and outcomes of using clean energy, modernizing the grid, investments in
infrastructure, not having a rate increase since 2018, having a diverse
clean energy portfolio, work force, needs for the organization, the first
rate increase the organization has had in years, and how the organization
is addressing rising rates.
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05:03:44 PM |
Daniel Hodges, Executive Director of Colorado Association of Municipal Utilities (CAMU), gave an overview of municipal utilities and how they operate. Mr. Hodges gave information on the legislative authority given, why municipal utilities are not overseen by the PUC, rates and profits of the enterprise, the survey of utility bills, their price comparisons against cooperatives and investor owned utilities, and challenges faced.
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05:18:07 PM |
The committee asked the panel questions about wildfire preparation, how big decisions are made in each of the organizations, borrowing money, running energy efficiency programs, performance based standards, water issues and CORE having to move offices, and why these organizations are more efficient.
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