3481CDA30FA39CE68725896C0000A8F7 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For PRESENTATION FROM THE COLORADO ENERGY OFFICEOTHER COMMITTEE COMMITTEE ON JOINT SELECT COMMITTEE ON RISING UTILITY RATESDate Mar 7, 2023 Location Old State Library Presentation from the Colorado Energy Office - Committee Discussion Only Attachment Tag File Name Attachment D http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/44D4AD5D8817...$File/Attachment D.pdf?OpenElement Attachment D.pdf 05:07:14 PM Keith Hay, Senior Director of Policy at the Colorado Energy Office (CEO) introduced himself and gave an overview of the CEO's role. The presentation is included as Attachment D. Mr. Hay discussed the traditional principles of rate design. Mr. Hay went over the comparison between electric rates between Colorado and the United States as a whole, specifically noting that Colorado is below the national average. Mr. Hay went over the change over time in the commodity cost of gas, which has varied widely over the past two decades. Mr. Hay discussed the CEO's work to move away from natural gas. Mr. Hay discussed clean energy progress in Colorado. Mr. Hay went into detail on Xcel's Clean Energy Plan and the projected decline in emissions. Mr. Hay went over Colorado's building decarbonization strategy. Mr. Hay discussed gas utility planning rules. Mr. Hay went over Xcel residential customer gas and electric bill savings in 2021 as a result of energy efficiency programs. Mr. Hay responded to questions from the committee about the cost savings data. Mr. Hay went over to changes to building energy codes as a result of legislation and how those changes translate into customer savings. 05:21:30 PM Mr. Hay discussed federal funding available to the state for energy efficiency-related projects. Mr. Hay answered questions from the committee about the federal funds. Mr. Hay discussed clean energy tax credits currently available to consumers for all-electric homes. Mr. Hay responded to questions from the committee about weatherization investments made by the CEO. Mr. Hay answered additional questions from the committee about emissions reduction plans from the utilities.
