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3481CDA30FA39CE68725896C0000A8F7 Hearing Summary




PUBLIC
BILL SUMMARY For PRESENTATION FROM THE COLORADO ENERGY OFFICE

OTHER COMMITTEE COMMITTEE ON JOINT SELECT COMMITTEE ON RISING UTILITY RATES
Date Mar 7, 2023      
Location Old State Library



Presentation from the Colorado Energy Office - Committee Discussion Only


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.






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