Senators Priola and Williams, co-prime sponsors, presented Senate Bill 18-216. Currently, resellers of electricity and natural gas may provide charging ports or fueling stations for motor vehicles as unregulated services. This bill authorizes public utilities to provide these services as regulated or unregulated services and allows for cost recovery. Under the bill, a utility may apply to the Public Utilities Commission (PUC) in the Department of Regulatory Agencies (DORA) to build alternative fuel vehicle infrastructure. The bill sets standards for PUC approval. When a facility is built, the rate and charges for the services:
- may allow a return on any investment made by an electric or natural gas public utility at the utility's weighted average cost of capital at the public utility's most recent rate of return on equity approved by the PUC; and
- must be recovered from all customers of an electric or natural gas public utility in a manner that is similar to the recovery of distribution system investments.
Members of the committee were provided with a packet of photographs of individuals posing with their electric vehicles [Attachment A]. They were also provided with a Legislative Council Staff memo about the fiscal impact of amendment L.002 [Attachment B].