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1D00B51B1C38CACE872586A2005E49EB Hearing Summary


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

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