After months of rising utility rates, Colorado lawmakers have formed a joint select committee to understand what’s behind the sharp increase and whether any regulatory changes are needed. via Meghan_Lopez
“We have not called the select committee in the years that I have now served, so we have definitely said this is a priority,” said Rep. Julie McCluskie, D-Dillon.
Meanwhile, state lawmakers are hoping to better understand the role the Public Utilities Commission plays in keeping rates low for consumers and how utilities themselves are setting prices. “This is kind of a compact that was agreed to more than 100 years ago, literally, where you have a private company that can provide service to consumers, and you're the only one who can provide that service. And in return we, as a government, will regulate you and approve your rates,” he said.
Along with the volatile natural gas prices, Storm Uri and the clean energy transition have been blamed for rising utility rates. Fenberg considers the clean energy transition justification a red herring, saying it has saved consumers millions over the years and utilities are profiting off of it.
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