Colorado legislator pushes bill to pave the way for early coal plant closures

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In January, Chris Hansen, a Democratic member of the Colorado House of Representatives, introduced the “Colorado Energy Impact Assistance Act” (HB 1037). The legislation is an updated version of a bill Hansen introduced in 2017. That bill passed the House but died in the then-Republican-controlled state Senate.

In an interview with Greentech Media, Rep. Hansen explained that the bill does two things: it uses a ratepayer-backed bond mechanism — securitization — to address the stranded asset problem in the power sector, and it reserves some of the savings generated from that bonding transaction to help workers and towns where the retirements occur….

An excerpt from IEEFA