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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For SB21-020

HOUSE COMMITTEE ON ENERGY & ENVIRONMENT
Date Mar 24, 2021       Location LSB A

SB21-020 - Referred to House Finance
11:09:55 AM  
Representatives Soper and A. Valdez, co-prime bill sponsors, presented Senate Bill 21-020 to the committee and provided a handout (Attachment A).  The bill requires clean energy resources, energy storage facilities, and solar facilities with a generation capacity of under 2 megawatts to be valued for property tax purposes using the "income approach" rather than the "cost approach" beginning January 1, 2021.

The bill sponsors responded to questions from the committee.
11:26:19 AM  
Mr. John Dailey, representing NextEra Energy Resources, LLC, testified in support of the bill.  Ms. KC Cunilio, representing Colorado Independent Energy Association, testified in support of the bill.  Rikki Seguin, representing Interwest Energy Alliance, testified in support of the bill.  Daniel Merkle, representing Pivot Energy, testified in support of the bill.

Mr. Dailey and Mr. Merkle responded to questions from the committee.
11:47:27 AM  
The bill sposors and committee members made concluding comments on the bill.

11:57:41 AM
 Motion Refer Senate Bill 21-020 to the Committee on Finance.
Moved Valdez A.
Seconded Soper
Bernett Yes
Froelich Yes
Jackson Yes
Pico Yes
Soper Yes
Titone Yes
Valdez A. Yes
Van Beber Yes
Weissman Yes
Will Yes
Woog Yes
Hooton Yes
Sirota Yes
Final YES: 13   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS